Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Components of Income Tax Benefit (Provision)

Components of the income tax benefit (provision) are as follows for the years ended December 31 (in thousands):

 

     2014      2013      2012  

Current tax benefit (provision):

         

Federal

    $ —         $ (49 )     $ —     

State

      (3 )       (2 )       (2 ) 

Foreign

      (11 )       —           —     
  

 

 

     

 

 

     

 

 

  

Total

   (14 )    (51 )    (2 ) 
  

 

 

     

 

 

     

 

 

  

Deferred tax benefit (provision):

Federal

   (437 )    (205 )    485   

State

   (2 )    (200 )    26   
  

 

 

     

 

 

     

 

 

  

Total

   (439 )    (405 )    511   
  

 

 

     

 

 

     

 

 

  

Change in valuation allowance

   439      405      (511 ) 
  

 

 

     

 

 

     

 

 

  

Total benefit (provision) for income taxes

 $ (14 )  $ (51 )  $ (2 ) 
  

 

 

     

 

 

     

 

 

  

 
Reconciliation of Income Taxes

A reconciliation of income taxes computed by applying the federal statutory income tax rate of 34.0% to income (loss) before income taxes to the recognized income tax benefit (provision) reported in the accompanying consolidated statements of operations is as follows for the years ended December 31 (in thousands):

 

     2014      2013      2012  

U.S. federal income tax at statutory rate

    $ (94 )     $ 185       $ 849   

State taxes, net of federal benefit

      (5 )       (23 )       64   

Non-deductible expenses

      (9 )       (8 )       (20 ) 

Foreign income tax rate differential

      (265 )       (283 )       (309 ) 

Valuation allowance

      439         405         (511 ) 

Foreign earnings

      —           (182 )       (52 ) 

Other

      (80 )       (145 )       (23 ) 
  

 

 

     

 

 

     

 

 

  

Total benefit (provision) for income taxes

 $ (14 )  $ (51 )  $ (2 ) 
  

 

 

     

 

 

     

 

 

  

 

 
Significant Components of Deferred Tax Assets and Liabilities
Significant components of deferred tax assets and liabilities are shown below (in thousands):

 

     December 31,  
     2014      2013  

Current deferred tax assets:

      

Allowance for bad debts

    $ 33       $ 131   

Share-based payment expense

      145         152   

Allowance for obsolete inventory

      119         29   

Accrued compensation

      75         67   

Contribution carryover

      —           9   

Other accruals

      106         175   
  

 

 

     

 

 

  

Total

   478      563   
  

 

 

     

 

 

  

Non-current deferred tax assets:

Depreciation

   5      (4 ) 

Capital loss

   178      176   

Net operating loss

   3,170      3,535   

Credit carryover

   49      49   
  

 

 

     

 

 

  

Total

   3,402      3,756   
  

 

 

     

 

 

  

Valuation allowance

   (3,880 )    (4,319 ) 
  

 

 

     

 

 

  

Net deferred tax assets

 $ —      $ —