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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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 tax (benefits) are attributable to continuing operations as follows:

		December 31, 2014				December 31, 2013				December 31, 2012
Current
Federal		$	(481,055	)		$	481,055			$	—
State			—				15,000				—
		$	(481,055	)		$	496,055			$	—
Deferred
Federal		$	—			$	—			$	—
State			—				—				—
		$	—			$	—			$	—

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		$	49,239,489
Capital loss carryforward			385,185
Accrued expenses			62,671
Deferred revenue			644,362
Reserve for accounts receivable			1,873,028
Reserve for inventory			130,011
Start-up costs			107,153
Excess of book over tax depreciation			2,766,649
Stock option and restricted stock award expense			1,389,793
Investment in unconsolidated entity			3,870,218
Less: valuation allowance			(60,312,726	)
		$	155,833
Deferred tax liability:
Property and equipment basis		$	69,311
Prepaid expenses			86,522
		$	155,833
Net deferred tax asset		$	—

Schedule of Change in Valuation Allowance

The change in the valuation allowance is as follows:

December 31, 2014		$	60,312,726
December 31, 2013			51,625,159
Change in valuation allowance		$	8,687,567

Schedule of Effective Income Tax Rate Reconciliation

Income taxes for the twelve month periods ended December 31, 2014, 2013 and 2012 differ from the amounts computed by applying the effective federal income tax rate of 34.0% to income (loss) before income taxes as a result of the following:

		December 31, 2014				December 31, 2013				December 31, 2012
Expected (benefit)		$	(9,908,804	)		$	(3,483,374	)		$	(6,180,388	)
Effects of:
U.S. income tax expense at the AMT 20% rate			—				(176,839	)			—
State income taxes net of federal benefits			(294,933	)			509,495				(181,423	)
Nondeductible expense			(126,601	)			31,640				17,994
Stock options and restricted stock awards			—				790,011				223,720
Derivatives			—				(783,994	)			322,848
Change in valuation allowance			10,469,108				(6,276,369	)			5,385,732
Change in net operating loss			—				—				832,408
CFC Dividend Income			—				9,190,723				(374,051	)
Change in rate estimate							15,767				(42,925	)
Foreign Rate Differential			(138,770	)			662,745				—
Reversal of Prior Year AMT Accrual			(481,055	)
Other, net			—				16,250				(3,915	)
		$	(481,055	)		$	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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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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