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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Tax (Benefits) are Attributable to Continuing Operations

The components of the provision for income taxes (benefits) are attributable to continuing operations as follows:

		12 Month Period Ended December 31, 2013				12 Month Period Ended December 31, 2012				12 Month Period Ended December 31, 2011
Current
Federal		$	481,055			$	—			$	—
State			15,000				—				—
Foreign			—				—				—
		$	496,055			$	—			$	—
Deferred
Federal		$	—			$	—			$	—
State			—				—				—
Foreign			—				—				—
		$	—			$	—			$	—

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

Deferred tax assets:
Net operating loss and tax credit carryforwards		$	42,412,630
Capital loss carryforward			385,188
Accrued expenses			62,672
Deferred revenue			644,367
Reserve for accounts receivable			2,048,105
Reserve for inventory return			130,012
Stock option and restricted stock awards			907,476
Start-up costs			107,154
Excess of book over tax depreciation			1,428,417
Investment – unconsolidated entity			3,687,310
Less: valuation allowance			(51,625,159	)
			188,172
Deferred tax liability:
Prepaid expenses			118,860
Property and equipment basis			69,312
			188,172
Net deferred tax asset		$	—

Schedule of Change in Valuation Allowance

The change in the valuation allowance is as follow:

December 31, 2013		$	51,625,159			December 31, 2012		$	57,901,529
December 31, 2012		$	57,901,528			December 31, 2011		$	52,515,797
Change in valuation allowance		$	(6,276,369	)		Change in valuation allowance		$	5,385,732

Schedule of Income (Loss) Before Income Taxes

Income taxes for the twelve month periods ended December 31, 2013, 2012 and 2011 differ from the amounts computed by applying the effective income tax rate of 34.0% to income taxes as a result of the following:

		12 Month Period Ended December 31, 2013				12 Month Period Ended December 31, 2012				12 Month Period Ended December 31, 2011
Expected benefit		$	(3,483,374	)		$	(6,180,388	)		$	(5,516,605	)
Effects of:
State income taxes net of federal benefits			(176,839	)			(181,423	)			(205,521	)
U.S. Income Tax Expense at the 20% AMT Rate			509,495				—				—
Nondeductible expenses			31,640				17,994				17,657
Stock options and restricted stock awards			790,011				223,720				833,749
Derivatives			(783,994	)			322,848				(1,693,247	)
Change in valuation allowance			(6,276,369	)			5,385,732				6,531,871
Change in net operating loss			0				832,408				3,564
CFC Dividend Income			9,190,723				(374,051	)			—
Change in rate estimate			15,767				(42,925	)			23,798
Foreign Rate Differential			662,745				—				—
Other, net			16,250				(3,914	)			4,734
Income tax provision (benefit)		$	496,055			$	—			$	—

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Topic 740

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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