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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Income Taxes United States and Foreign

(in thousands)	2012	2011
Current:
United States	$ -	$ -
Foreign	18	14
Deferred:
United States	$(853)	$407
Foreign	-	-
Operating loss and credit carryovers:
United States	187	(1,056)
Foreign	-	-
Income tax expense (benefit)	$(648)	$(635)

Income Tax Net Deferred Tax Assets and Liabilities

(in thousands)	2012	2011
Deferred tax assets:
Loss carryovers	$10,118	$9,887
Deferred Gain	1,253	-
Stock option compensation expense	900	648
Royalty	1,492	1,492
Earnings in Unconsolidated Subsidiary	496	314
Severance	30	30
Unrealized loss on derivative securities	79	-
Other	106	67
Valuation allowance	(10,328)	(9,699)
Total deferred tax assets	4,146	2,739
Deferred tax liabilities:
Unrealized gain on derivative securities	-	107
MH-LLC investment	1,932	1,083
Exploration costs	845	845
Unrealized gains on marketable equity securities	2,328	3,496
Other	4
Total deferred tax liabilities	5,109	5,536
Net deferred tax liabilities	$963	$2,797

Income Taxes Reconciliation of Federal Income Taxes

(in thousands)	2012	2011
Expected income tax expense (benefit)	$(1,444)	$(2,585)
Non-deductible foreign expenses	1	1
Non-deductible foreign stock compensation expense	20	16
Foreign tax rate differences	72	90
State income tax	(82)	(56)
Change in valuation allowance	629	621
LLC Investment	102	1,221
Permanent differences and other	54	57
Income tax expense (benefit)	$(648)	$(635)