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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Components of Net Deferred Taxes

The components of net deferred taxes are as follows:

		June 30, 2014				December 31, 2013
		(Unaudited)
Deferred tax assets (liabilities):
Net operating loss		$	4,857,000			$	4,212,000
Stock-based compensation			2,322,000				2,103,000
Accrued interest expense			205,000				150,000
Allowance for doubtful accounts			64,000				47,000
Deferred lease liability			86,000				70,000
Total deferred tax assets			7,534,000				6,582,000
Less: valuation allowance			(7,534,000	)			(6,582,000	)
Net deferred taxes		$	—			$	—

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the income tax expense (benefit) calculated by applying statutory rates to net loss and the income tax benefit reported in the accompanying consolidated financial statements is as follows:

		June 30, 2014				December 31, 2013
		(Unaudited)
U.S. federal statutory rate applied to pretax income		$	(1,127,157	)		$	(6,051,780	)
Permanent differences			308,823				2,739,048
State taxes and other			(133,666	)			1,597,415
Change in valuation allowance			952,000				1,715,317
		$	—			$	—

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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

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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

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