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Income Taxes (Table)
12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Federal Income Tax Note

The provision for income taxes consists of the following for the years ended December 31, :

 

    2012     2011  
Federal   $ --     $ --  
State and local     --       --  
Foreign     --       --  
                 
Total income tax expense   $ --     $ --  

 

    2012     2011  
Current     --       --  
Deferred     --       --  
                 
Total Income Tax Expense     --       --  
Federal Statutory Rate To Income Before Taxes

For the years ended December 31, 2012 and 2011, the provision for income taxes differs from the expected tax provision computed by applying the U.S. federal statutory rate to income before taxes as a result of the following:

 

 

    2012     2011  
             
Statutory U.S. federal rate     (34.0 )%     (34.0 )%)
Permanent differences     --       --  
Valuation allowance     34.0 %     34.0 %
Provision for income tax expense(benefit)     0.0 %     0.0 %
Schedule of Deferred Tax Assets and Liabilities

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

 

    2012     2011  
    (in thousands)  
Deferred Tax Assets:            
Net Operating Loss Carryforwards   $ 30,288     $ 29,421  
Non-cash compensation     1,043       809  
Writedown of intangibles     63       63  
Provision for inventory adjustment     --       412  
Provision for fixed asset impairment     --       286  
Accrued Liabilities     71       11  
                 
Total Deferred Tax Assets     31,465       31,002  
Deferred Tax Liabilities:                
Total Deferred Tax Liabilities     --       --  
Net Deferred Tax Asset     31,465       31,002  
Valuation Allowance     (31,465 )     (31,002 )
Net Deferred Tax Asset   $ --     $ --  
Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to the Company’s gross unrecognized tax benefits (in millions):

  Amount  
Gross Unrecognized tax benefits at December 31, 2011   $ --  
Increases in tax positions for current year     --  
Settlements     --  
Lapse in statute of limitations     --  
         
Gross Unrecognized tax benefits at December 31, 2012   $ --