Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Reconciliation Of Income Tax Provision At Statutory Rate
A reconciliation of the income tax provision computed at the statutory tax rate to the Company’s effective tax rate is as follows:
 
 
2013
 
 
2012
 
U.S. federal statutory rate
 
 
35.00
%
 
35.00
%
State & local taxes
 
 
5.22
%
 
5.36
%
Tax on foreign operations
 
 
0.40
%
 
(0.78)
%
State research and development credits
 
 
1.09
%
 
1.06
%
Other
 
 
(3.00)
%
 
(2.29)
%
Valuation allowance
 
 
(38.71)
%
 
(38.35)
%
Effective tax rate
 
 
-
 
 
-
 
Significant Components Of Deferred Tax Assets
Significant components of the Company’s deferred tax assets as of December 31, 2013 and 2012 are as follows:
 
 
 
2013
 
 
2012
 
Deferred tax assets:
 
 
 
 
 
 
 
 
Net operating loss carry forwards
 
$
27,029,000
 
 
$
25,721,000
 
Research and development credits
 
 
1,096,000
 
 
 
1,054,000
 
Nonqualified stock option compensation expense
 
 
1,801,000
 
 
 
1,701,000
 
Other temporary book - tax differences
 
 
408,000
 
 
 
441,000
 
Total deferred tax assets
 
 
30,334,000
 
 
 
28,917,000
 
Valuation allowance for deferred tax assets
 
 
(30,334,000)
 
 
 
(28,917,000)
 
Net deferred tax assets
 
$
-
 
 
$
-