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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Provision

Income tax provision consists of the following as of December 31:

 

     2013     2012  

Current:

    

Federal

   $ —        $ —     

State

     (346     —     
  

 

 

   

 

 

 
     (346     —     

Deferred:

    

Federal

     (269     (1,013

State

     (49     (185
  

 

 

   

 

 

 
     (318     (1,198

Valuation allowance

     318        1,198   
  

 

 

   

 

 

 

Total income tax expense

   $ (346   $ —     
  

 

 

   

 

 

Components of Deferred Tax Assets and Liabilities

Components of the Company’s deferred tax assets and liabilities at December 31 are as follows:

 

     2013     2012  

Deferred tax assets:

    

Inventory

   $ 44      $ 1,051   

Warranty

     199        282   

Net operating loss and tax credit carryforwards

     46,191        45,330   

Cancellation of debt gain

     —          1   

Accrued expenses

     159        112   

Stock based compensation

     494        397   
  

 

 

   

 

 

 
     47,087        47,173   

Less—valuation allowance

     (47,330     (47,013
  

 

 

   

 

 

 

Net deferred tax assets

     (243     160   

Deferred tax liabilities:

    

Investments in affiliates

     242        (136

Depreciation and amortization

     1        (24
  

 

 

   

 

 

 

Net deferred tax liabilities

     243        (160
  

 

 

   

 

 

 

Net deferred tax assets (liabilities)

   $ —        $ —     
  

 

 

   

 

 

 

Reconciliation of Statutory and Effective Tax Rate

A reconciliation of the statutory rate and the effective tax rate follows:

 

     2013     2012  

Federal statutory rate

     (35.00 )%      (35.00 )% 

State income taxes—net of federal benefit

     (3.90 )%      (3.90 )% 

Permanent differences

     0.19     0

Tax reserve and other

     (0.37 )%      3.24

Change in valuation allowance

     15.66     21.23

Current state income tax

     17.06     0.00

Other, net

     23.42     14.43
  

 

 

   

 

 

 

Effective tax rate

     17.06     0