Annual report pursuant to Section 13 and 15(d)

Income taxes (Tables)

v2.4.0.8
Income taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income taxes [Abstract]  
Reconciliation of Income Tax
   
 
2013
   
2012
   
2011
 
                   
Federal income tax benefit at 34%
 
$
(4,131,000
)
 
$
(3,132,000
)
 
$
(3,473,000
)
State income tax net of federal tax effect
   
(364,000
)
   
(276,000
)
   
(306,000
)
Permanent items
   
535,000
     
339,000
     
504,000
 
Other
   
(72,000
)
   
121,000
     
-
 
Valuation allowance
   
4,032,000
     
2,948,000
     
3,275,000
 
   
$
-
   
$
-
   
$
-
 
Schedule of Deferred Tax Assets and (Liabilities)
   
2013
   
2012
 
             
Deferred tax assets (liabilities):
           
Net operating loss carry forwards
 
$
29,494,000
   
$
25,100,000
 
                 
Property and equipment
   
37,000
     
32,000
 
Patents and other intangible assets
   
14,000
     
17,000
 
Other
   
(12,000
   
-
 
Deferred revenue
   
(39,000
   
551,000
 
Research and development credit
   
991,000
     
753,000
 
                 
Deferred tax asset
   
30,485,000
     
26,453,000
 
Valuation allowance
   
(30,485,000
)
   
(26,453,000
)
                 
   
$
-
   
$
-