Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes Tables

Reconciliation of U.S. statutory income tax rate to company's effective tax rate

The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes from continuing operations were as follows:

	2013	2012
Statutory federal income tax rate	34%	34%
State taxes, net of federal benefit	0%	-1%
Permanent differences	1%	-7%
Change in valuation allowance	-35%	-26%
	0%	0%

Schedule of tax effects of temporary differences that give rise to deferred tax assets and liabilities

Significant components of deferred income tax assets and liabilities are as follows:

(In thousands)	2013		2012
Net operating loss carryforwards	$	4,476	$	4,488
Other		299		299
Total, net		4,775		4,787
Valuation allowance		(4,775)		(4,787)
Deferred tax assets, net	$	-	$	-