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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of provision for income taxes

		For the Years Ended December 31,
		2013			2012			2011
Current tax provision (benefit)
Federal		$	83,470		$	1,785		$	(29,070	)
State		7,502			8,033			42,867
Total current provision (benefit)		90,972			9,818			13,797
Deferred tax provision (benefit)
Federal		—			—			—
State		—			—			—
Total deferred tax provision (benefit)		—			—			—
Total income tax provision (benefit)		$	90,972		$	9,818		$	13,797

Schedule of tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities

		December 31,
		2013			2012
Deferred tax assets
Net operating loss carry forwards	$	3,819,961	$		4,873,433
Credit for alternative minimum tax paid		83,470			—
Accrued expenses and reserves		1,350,125			1,165,658
Employee stock option expense		315,711			295,696
Inventory		338,253			319,830
Non-employee stock option expense		—			15,546
Litigation proceeds subject to stipulation		2,929,640			—
Deferred tax assets		8,837,160			6,670,163
Deferred tax liabilities
Property and equipment		(393,343	)		(631,109	)
Deferred tax liabilities		(393,343	)		(631,109	)
Net deferred assets		8,443,817			6,039,054
Valuation allowance		(8,443,817	)		(6,039,054	)
Net deferred tax assets	$	—	$		—

Schedule of reconciliation of income taxes based on the federal statutory rate and the provision (benefit) for income taxes

		December 31,
		2013		2012		2011
Income tax (benefit) at the federal statutory rate		35.0	%	35.0	%	35.0	%
State tax (benefit), net of federal (benefit)		2.9		2.9		2.9
Decrease (increase) in valuation allowance		(39.3	)	(28.0	)	—
Permanent differences		(0.3	)	1.2		2.0
Return to accrual adjustments		—		—		(2.8	)
Alternative minimum tax		(1.4	)	—		3.4
Adjustments to temporary differences for stock options		—		(11.0	)	—
Release of valuation allowance – Net operating loss carry forward		—		—		(39.0	)
Other		1.6		(0.3	)	(0.5	)
Effective tax (benefit) rate		(1.5	)%	(0.2	)%	1.0	%

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

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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

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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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