Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Effective Income Tax Rate Reconciliation

Our effective tax rate differs from the statutory federal tax rate for the years ended December 31, 2012 and 2011 as shown in the following table (in thousands):



	2012			2011
U.S. federal income taxes at the statutory rate	$	(378	)	$	126
State taxes, net of federal effects	(57		)	18
Nondeductible expenses	23			13
State tax credits, net	(171		)	—
Acquisition costs	224			—
Stock-based compensation	18			59
Expired net operating loss carry-forwards	—			32,984
Other	(46		)	(96		)
Change in valuation allowance	(1,834		)	(33,104		)
	$	(2,221	)	$	—

Schedule of Deferred Tax Assets and Liabilities

The tax effect of the temporary differences that give rise to significant portions of the deferred tax assets and liabilities as of December 31, 2012 and 2011 is presented below (in thousands):



	2012			2011
Deferred tax assets:
Tax benefit of operating loss carry forward	$	16,304		$	16,469
Reserves and allowances	67			120
Accrued expenses	355			258
Goodwill	262			317
Equity based compensation	734			542
Fixed assets	230			16
Texas margin tax temporary credit	260			—
Total deferred tax assets	18,212			17,722
Valuation allowance	(15,888		)	(17,722		)
Net deferred tax assets	$	2,324		$	—

Deferred tax liabilities:
Intangible amortization	$	2,324		$	—
Total deferred tax liabilities	$	2,324		$	—

Net deferred tax assets	$	—		$	—