INCOME TAXES	9 Months Ended
Sep. 30, 2012
INCOME TAXES	NOTE 11 — INCOME TAXES As of December 31, 2011, the Company had estimated federal and California net operating loss carryforwards (“NOLs”) of approximately $882.5 million and $974.5 million, respectively. The Company’s federal NOLs have a 20-year life and begin to expire in 2027. The Company’s California NOLs have either a 10-year or 20-year life and begin to expire in 2017. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets depends on the ability to generate future taxable income during the periods in which temporary differences become deductible. As a result of generating losses since 2006, among other factors, the Company has determined that sufficient uncertainty exists as to the realizability of its deferred tax asset and as such, has placed a full valuation allowance of $401.0 million and $409.0 million on its deferred tax assets at September 30, 2012 and December 31, 2011, respectively.

INCOME TAXES

9 Months Ended

Sep. 30, 2012

NOTE 11 — INCOME TAXES

As of December 31, 2011, the Company had estimated federal and California net operating loss carryforwards (“NOLs”) of approximately $882.5 million and $974.5 million, respectively. The Company’s federal NOLs have a 20-year life and begin to expire in 2027. The Company’s California NOLs have either a 10-year or 20-year life and begin to expire in 2017.

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets depends on the ability to generate future taxable income during the periods in which temporary differences become deductible. As a result of generating losses since 2006, among other factors, the Company has determined that sufficient uncertainty exists as to the realizability of its deferred tax asset and as such, has placed a full valuation allowance of $401.0 million and $409.0 million on its deferred tax assets at September 30, 2012 and December 31, 2011, respectively.