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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Reconciliation Of Income Tax Provision At Statutory Rate

 

 

2012

 

 

2011

 

U.S. federal statutory rate

 

 

35.00 

%

 

 

35.00 

%

State & local taxes

 

 

5.36 

%

 

 

(0.06 

)%

Tax on foreign operations

 

 

(0.78 

)%

 

 

(1.27 

)%

State research and development credits

 

 

1.06 

%

 

 

1.11 

%

Other

 

 

(2.29 

)%

 

 

(3.07 

)%

Valuation allowance

 

 

(38.35 

)%

 

 

(31.71 

)%

Effective tax rate

 

 

-

 

 

 

-

 

Significant Components Of Deferred Tax Assets

 

 

2012

 

 

2011

 

Deferred tax assets:

 

 

 

 

 

 

 

 

Net operating loss carry forwards

 

$

25,721,000

 

 

$

24,714,000

 

Research and development credits

 

 

1,054,000

 

 

 

1,019,000

 

Nonqualified stock option compensation expense

 

 

1,701,000

 

 

 

1,586,000

 

Other temporary book - tax differences

 

 

441,000

 

 

 

331,000

 

Total deferred tax assets

 

 

28,917,000

 

 

 

27,650,000

 

Valuation allowance for deferred tax assets

 

 

(28,917,000

)

 

 

(27,650,000

)

Net deferred tax assets

 

$

-

 

 

$

-