|
INCOME TAXES (Details) (USD $)
|
12 Months Ended |
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Current Tax Expense (Benefit): |
|
|
| Federal |
$ (97,000) |
|
| State |
90,000 |
215,000 |
| Total Current Tax Expense |
(7,000) |
215,000 |
| Deferred Tax Expense: |
|
|
| State |
104,000 |
0 |
| Total deferred tax expense |
104,000 |
0 |
| Total income tax expense |
97,000 |
215,000 |
| Income tax expense applicable to continuing and discontinued operations |
|
|
| Income tax expense on continuing operations |
97,000 |
215,000 |
| Income tax expense (benefit) on discontinued operations |
(20,000) |
(191,000) |
| Total income tax expense |
77,000 |
24,000 |
| Net current deferred tax asset: |
|
|
| Allowance for doubtful accounts |
1,265,000 |
494,000 |
| Accrued expenses |
464,000 |
429,000 |
| Net current deferred tax assets |
1,729,000 |
923,000 |
| Net long-term deferred tax asset (liability): |
|
|
| Net operating loss carry forwards |
4,825,000 |
3,896,000 |
| Noncontrolling interests |
|
38,000 |
| Property, equipment & intangibles |
(1,091,000) |
(1,434,000) |
| Stock based compensation |
848,000 |
832,000 |
| Convertible debt adjustments |
1,876,000 |
1,074,000 |
| Other |
(277,000) |
648,000 |
| Net long-term deferred tax asset (liability) |
6,181,000 |
5,054,000 |
| Total deferred tax assets |
7,910,000 |
5,977,000 |
| Valuation allowance |
(8,014,000) |
(6,063,000) |
| Net deferred tax liability |
(104,000) |
(86,000) |
| Differences between income taxes computed at the federal statutory rate and the provision for income taxes |
|
|
| Federal income tax at statutory rate (as a percent) |
34.00% |
34.00% |
| State and local taxes (as a percent) |
(0.60%) |
(3.10%) |
| Consolidated VIE LLCs |
(1.50%) |
(7.60%) |
| Nondeductible expenses (as a percent) |
(0.80%) |
(0.90%) |
| Other (as a percent) |
1.70% |
0.40% |
| Change in valuation allowance (as a percent) |
(33.50%) |
(26.30%) |
| Effective tax rate (as a percent) |
(0.70%) |
(3.50%) |
| Additional disclosure |
|
|
| Consolidated federal net operating loss carry forwards |
14,200,000 |
|
| Deferred tax liability |
$ 104,000 |
$ 86,000 |