Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Significant Components of Provision for Income Taxes

Significant components of the provision for income taxes for the year ended December 31, 2013 is as follows (in thousands):

	2013
Current:
Federal		93
State		59
Total Current Provision		152

Reconciliation of Effective Tax Rate

A reconciliation of the differences between the effective tax rate and the federal statutory tax rate for the year ended December 31, 2013 is as follows:

	2013
Federal Statutory Tax Rate		34.00	%
State Income Taxes, net of Federal Income Tax Benefit		1.77	%
Non-deductible meals and entertainment		1.89	%
Non-deductible stock options and warrants		14.45	%
Other, net		0.26	%
Valuation allowance		(45.44	)%
Effective Tax Rate		6.93	%

Current and Non-current Deferred Income Tax Assets

At December 31, 2013 and 2012, our current and non-current deferred income tax assets and liabilities consisted of the following (in thousands):

	2013			2012
Current deferred income tax assets:
Allowance for doubtful accounts	$	1,741		$	1,151
Accrued vacation		243			255
AMT credit		93			—
Other		30			51
Subtotal		2,107			1,457
Less valuation allowance		(1,519	)		(1,457	)
Total Net Current Deferred Income Tax Assets	$	588		$	—
Non-Current deferred income tax assets (liabilities):
Net operating loss carry-forwards	$	1,240		$	2,752
Accumulated depreciation and amortization		(933	)		(1,243	)
Subtotal		307			1,509
Less valuation allowance		(895	)		(1,509	)
Total Net Non-current Deferred Income Tax Liability		(588	)		—
Net Deferred Income Tax Asset / (Liability)	$	—		$	—