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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes - Benefit Allocation

(in thousands)	2013	2012
Current:
United States	$ 5	$ -
Foreign	12	18
Deferred:
United States	(614)	(853)
Foreign	-	-
Operating loss and credit carryovers:
United States	421	187
Foreign	-	-
Income tax benefit	$(176)	$(648)

Income Taxes - Net Deferred Taxes in Balance Sheet

(in thousands)	2013	2012
Deferred tax assets:
Loss carryovers	$9,852	$10,118
Deferred Gain	2,335	1,253
Stock option compensation expense	932	900
Royalty	1,363	1,492
Earnings in Unconsolidated Subsidiary	798	496
Severance	23	30
Unrealized loss on derivative securities	-	79
Other	107	106
Valuation allowance	(12,545)	(11,441)
Total deferred tax assets	2,865	3,033
Deferred tax liabilities:
Unrealized gain on derivative securities	160	-
MH-LLC investment	1,168	819
Exploration costs	845	845
Unrealized gains on marketable equity securities	688	2,328
Other	4	4
Total deferred tax liabilities	2,865	3,996
Net deferred tax liabilities	$ -	$963

Income Taxes - Reconciliation of Income Tax Benefit

(in thousands)	2013	2012
Expected income tax benefit	$(741)	$(1,444)
Non-deductible foreign expenses	-	1
Non-deductible foreign stock compensation expense	18	20
Foreign tax rate differences	31	72
State income tax	303	(82)
Change in valuation allowance	233	629
MH-LLC Investment	(16)	102
Permanent differences and other	(4)	54
Income tax benefit	$(176)	$(648)