Income Taxes income taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]



	Years Ended December 31,
	2012			2011
U.S. Federal benefit at statutory rate	$	(12,334.1	)	$	(12,005.5	)
State and local benefit net of U.S. federal tax	(2,154.1		)	(2,177.0		)
Permanent non deductible expenses for U.S. taxes	(2,781.4		)	5,907.3
Reduction in deferred tax assets primarily related to deductibility of certain share-based compensation	—			(72.4		)
True-up of prior year net operating loss	321.6			1,367.3
Return to actual	(384.8		)	—
Foreign earnings not permanently reinvested	(1,810.3		)	1,810.3
Effect of change in deferred tax rate	525.7			2,852.1
Valuation allowance for deferred tax assets	18,441.9			2,317.9
Tax provision	$	(175.5	)	$	—

Deferred income taxes at December 31, 2012 and 2011 consist of the following:

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]



	December 31,
	2012			2011
Deferred Tax Assets:
Accumulated net operating losses (tax effected)	$	25,727.7		$	17,816.7
Deferred revenue	23.1			212.9
Contingent accounts payable	15.2			13.8
Share-based compensation	5,466.7			3,917.4
Accumulated depreciation	348.7			—
Charitable contributions	391.8			408.2
Bad debt provision	239.7			107.3
Capital loss carryforward	6,644.5			—
Other	—			48.5
Deferred tax assets prior to tax credit carryovers	38,857.4			22,524.8

Deferred Tax Liabilities:
Accumulated depreciation	—			(155.1		)
Intangible and indefinite lived assets	(3,311.8		)	(3,303.0		)
Foreign earnings not permanently reinvested	—			(2,138.5		)
Deferred tax liabilities	(3,311.8		)	(5,596.6		)
	35,545.6			16,928.2
Valuation reserve	(39,144.7		)	(20,702.9		)
Net deferred tax liability	$	(3,599.1	)	$	(3,774.7	)

The Tax Reform Act of 1986 enacted a complex set of rules limiting the utilization of net operating loss carryforwards (“NOL”) to offset future taxable income following a corporate ownership change.