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FEDERAL INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2012
FEDERAL INCOME TAXES |
Schedule of deferred federal income tax asset (liability) |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
Property development costs—net of amortization |  | $ | 13,500,000 |  | $ | 10,399,000 |  | $ | 11,583,000 |
Accelerated depreciation |  |  | (294,000 | ) |  | (105,000 | ) |  | (151,000 | )
Restoration reserves |  |  | (2,681,000 | ) |  | (2,080,000 | ) |  | (1,560,000 | )
Net operating loss carryforwards utilized |  |  | 996,000 |  |  | 143,000 |  |  | — |
Net operating loss and percentage depletion carryforwards |  |  | 57,724,000 |  |  | 39,496,000 |  |  | 34,766,000 |
Valuation allowance and other—net |  |  | (69,245,000 | ) |  | (47,853,000 | ) |  | (44,638,000 | )
Total deferred income tax asset (liability) |  | $ | — |  | $ | — |  | $ | — |
Schedule of major items causing the Company's tax provision to differ from the federal statutory rate |
|  | For the Twelve Months Ended December 31, |
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|  | 2012 |  | 2011 |  | 2010 |
|  | Amount |  | % of Pretax Income |  | Amount |  | % of Pretax Income |  | Amount |  | % of Pretax Income |
Pretax income (loss) |  | $ | (15,624,373 | ) |  | — |  | $ | (11,199,397 | ) |  | — |  | $ | (10,354,567 | ) |  | — |
Pretax income (loss) times statutory tax rate |  |  | (5,312,000 | ) |  | 34 | % |  | (3,808,000 | ) |  | 34 | % |  | (3,521,000 | ) |  | 34 | %
Increases (decreases) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in valuation allowance |  |  | 5,312,000 |  |  | (34 | )% |  | 3,808,000 |  |  | (34 | )% |  | 3,521,000 |  |  | (34 | )%
Income tax benefit |  | $ | 0 |  |  | 0 | % | $ | 0 |  |  | 0 | % | $ | 0 |  |  | 0 | %

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- 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
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- 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
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