Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Effective Income Tax Rate Reconciliation

Our effective tax rate differs from the statutory federal tax rate for the years ended December 31, 2013 and 2012 as shown in the following table (in thousands):



	December 31,
	2013			2012
U.S. federal income taxes at the statutory rate	$	(1,372	)	$	(378	)
State taxes, net of federal effects	(297		)	(57		)
Nondeductible expenses	14			23
State tax credits, net	—			(171		)
Acquisition costs	37			224
Stock-based compensation	294			18
Debt cancellation	(35		)	—
Expired net operating loss carry-forwards	1,635			—
Other	14			(46		)
Change in valuation allowance	(320		)	(1,834		)
Income tax benefit	$	(30	)	$	(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, 2013 and 2012 is presented below (in thousands):



	December 31,
	2013			2012
Deferred tax assets:
Tax benefit of operating loss carry forward	$	15,490		$	16,304
Reserves and allowances	232			67
Accrued expenses	263			355
Charitable contributions	196			—
Goodwill	192			262
Equity based compensation	650			734
Fixed assets	306			230
Texas margin tax temporary credit	260			260
Total deferred tax assets	17,589			18,212
Valuation allowance	(15,568		)	(15,888		)
Net deferred tax assets	$	2,021		$	2,324

Deferred tax liabilities:
Intangible amortization	$	2,021		$	2,324
Total deferred tax liabilities	$	2,021		$	2,324

Net deferred tax assets	$	—		$	—