Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes Tables

Income tax (benefit) provision

	For the Years Ended December 31,
	2014			2013
Federal
Current	$	-		$	-
Deferred		5,453			(3,556	)
Increase in valuation allowance		(5,453	)		3,556
State and Local
Current		-
Deferred		(44	)		(644	)
Increase in valuation allowance		44			644
Change in valuation allowance		(5,409	)		4,200
Income tax provision (benefit)	$	-		$	-

Reconciliation of the expected tax expense (benefit)

	For the Years Ended December 31,
	2014			2013
U.S. statutory federal rate		(34.00	)%		(34.00	)%
State income tax, net of federal benefit		(3.43	)		(3.43	)
Other Permanent Differences		0.11			1.48
Change in Derivative Liability		(0.06	)		5.45
Reduction due to sale of subsidiary		-			7.12
Reduction due to change in NOL		55.1			-
		17.72			(23.38	)
Valuation Allowance		(17.72	)		23.38
Income tax provision (benefit)		-	%		-	%

Deferred tax assets and liabilities

	For the Years Ended December 31,
	2014			2013
Deferred tax assets
Net operating loss carryforward	$	4,992		$	17,666
Stock-based compensation		8,087			3,688
Patent portfolio and other		2,865			-
Total deferred tax assets		15,944			21,354
Valuation allowance		(15,944	)		(21,354	)
Deferred tax assets, net of allowance	$	-		$	-