Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	December 31,
	2013			2012
Deferred tax assets and liabilities:
Accrued liabilities	$	1,404,000		$	(125,000	)
Beneficial conversion feature on convertible financial instruments	—			(449,000		)
Intangible assets	1,021,000			1,117,000
Property and equipment	(507,000		)	89,000
R&D Credit Carryforward	1,369,000			1,407,356
Stock Compensation	2,151,000			213,000
Adjust accrued earn-out liability	—			567,947
Charitable Contributions	1,000			3,000
Patent fees	142,000			6,000
Net operating loss	14,663,000			15,539,000
Net deferred tax assets	$	20,244,000		$	18,368,303
Valuation allowance	(20,244,000		)	(18,368,303		)
	$	—		$	—

Reconciliation of the Federal statutory income tax

The reconciliation of the Federal statutory income tax rate of 34% to the effective rate is as follows:

	December 31,
	2013		2012
Federal statutory rate	34.00	%	34.00	%
State taxes, net of federal benefit	(2.48	)%	3.40	%
Permanent items & other	12.73	%	0.65	%
Valuation allowance	(46.73	)%	(38.05	)%
	(2.48	)%	—	%