XML 32 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.6

TAXES AND NET OPERATING LOSS CARRYFORWARDS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
TAXES AND NET OPERATING LOSS CARRYFORWARDS [Abstract] |
Components of deferred tax assets (liabilities) | Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes. The tax effects of these temporary differences representing the components of deferred tax assets (liabilities) at December 31 were approximately as follows (in thousands):
|  | 2012 |  |  | 2011 |
Deferred tax assets, current: |  |  |  |  |  |
U.S. net operating loss carryforwards |  | $ | 1,097 |  |  | $ | 980 |
State net operating loss carryforwards |  |  | 197 |  |  |  | 176 |
Research and development credits |  |  | 774 |  |  |  | 774 |
AMT credits |  |  | 73 |  |  |  | 73 |
Accounts receivable |  |  | 12 |  |  |  | 16 |
Reserves |  |  | 1 |  |  |  | -- |
Inventory |  |  | -- |  |  |  | 1 |
Charitable |  |  | 9 |  |  |  | 9 |
Accrued expenses |  |  | 132 |  |  |  | 56 |
Accrued Settlement |  |  | -- |  |  |  | 593 |
Non-current estimate of loss and credit carryforwards |  |  | (2,295 | ) |  |  | (2,178 | )
Total deferred tax assets, current |  |  | -- |  |  |  | 500 |
Deferred tax assets, non-current: |  |  |  |  |  |  |  |
Investment in subsidiary |  |  | 128 |  |  |  | -- |
Loss and credit carryforwards |  |  | 2,295 |  |  |  | 2,178 |
Stock based compensation |  |  | 95 |  |  |  | 70 |
Total deferred tax assets, non- current |  |  | 2,518 |  |  |  | 2,248 |
Deferred tax liabilities, non-current: |  |  |  |  |  |  |  |
Inventory |  |  | (1 | ) |  |  | -- |
State taxes (capital) |  |  | (4 | ) |  |  | -- |
Property and equipment |  |  | (361 | ) |  |  | (422 | )
Intangibles |  |  | (304 | ) |  |  | (254 | )
Unrecognized tax benefit liability for non-current temporary differences |  |  | (49 | ) |  |  | (63 | )
Total deferred tax liabilities, non- current |  |  | (719 | ) |  |  | (739 | )
Net non-current deferred income tax asset |  | $ | 1,799 |  |  | $ | 1,509 |
Reconciliation of the statutory federal income tax rate to our effective tax rate | Below is a reconciliation of the statutory federal income tax rate to our effective tax rate for the fiscal years ended December 31, 2012, 2011 and 2010:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Federal Tax Provision |  |  | 34.0 | % |  |  | 34.0 | % |  |  | 34.0 | %
State taxes (net of federal benefit) |  |  | 4.1 | % |  |  | (32.0 | %) |  |  | 4.3 | %
Stock based compensation* |  |  | - |  |  |  | (27.8 | %) |  |  | 0.5 | %
Research and development credits* |  |  | - |  |  |  | (78.0 | %) |  |  | 5.0 | %
Warrant Gains |  |  | - |  |  |  | (175.9 | %) |  |  | - |
Meals and Entertainment |  |  | - |  |  |  | 39.1 | % |  |  | - |
Other |  |  | (12.2 | %) |  |  | - |  |  |  | (6.1 | %)
|  |  | 25.9 | % |  |  | (240.6 | %) |  |  | 37.7 | %
* Net of IRS Exam adjustments for 2010

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration