7. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

	Years Ended December 31,
	2014			2013			2012
Statutory rate		35.0	%		35.0	%		35.0	%
Change in valuation allowance		(11.5	)		458.0			125.5
Convertible debt instruments		–			(297.7	)		–
Section 382 reduction to loss carryover		(24.2	)		(141.1	)		(169.4	)
State income taxes, net of federal benefit		10.0			(8.2	)		5.5
Stock compensation		–			(20.9	)		(1.9	)
Change in tax status of PE Op Co.		(1.6	)		–			–
Fair value adjustments and warrant inducements		31.8			–			–
Domestic production gross receipts deduction		(2.0	)		–			–
Non-deductible items		0.6			(27.7	)		3.6
Other		(1.3	)		2.6			1.7
Effective rate		36.8	%		0.0	%		0.0	%

Components of deferred income taxes

	December 31,
	2014			2013
Deferred tax assets:
Net operating loss carryforwards	$	12,385		$	17,566
Capital loss carryover		–			844
Stock-based compensation		781			556
Enterprise zone credits		–			259
Other accrued liabilities		483			395
Convertible debt		669			–
Fixed assets		–			119
Inventory		575			–
Other		217			217
Total deferred tax assets		15,110			19,956
Deferred tax liabilities:
Fixed assets		(24,813	)		–
Investment in PE Op Co.		–			(11,074	)
Intangibles		(1,134	)		(1,325	)
Derivative instruments		(172	)		(226	)
Other		(278	)		–
Total deferred tax liabilities		(26,397	)		(12,625	)
Valuation allowance		(4,147	)		(8,422	)
Net deferred tax liabilities	$	(15,434	)	$	(1,091	)
Classified in balance sheet as:
Other current assets	$	1,606		$	–
Deferred tax liabilities		(17,040	)		(1,091	)
	$	(15,434	)	$	(1,091	)

Federal Income Tax Note

Jurisdiction	Tax Years
Federal	2011 – 2013
Arizona	2011 – 2013
California	2010 – 2013
Colorado	2010 – 2013
Idaho	2011 – 2013
Oregon	2011 – 2013