ZIPREALTY INC - 10-K filing on 2014-03-10

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

The components of the provision for income taxes are as follows:


	Year Ended December 31,
	2013		2012
		(In thousands)
Current:
Federal	$	-	$	-
State		59		106
		59		106
Deferred:
Federal		-		-
State		-		-
		-		-
Total provision for income taxes	$	59	$	106

The difference between the Company’s effective income tax rate and federal statutory rate consisted of the following:


	Year Ended December 31,
	2013		2012
Statutory federal tax rate		34.00%		34.00%
State tax rate, net of federal benefit		-1.10%		-1.10%
Federal NOL carryback		0.00%		0.00%
Stock options		-2.72%		-0.97%
Change in valuation allowance		-31.38%		-33.01%
Other, net		0.10%		-0.02%
Total		-1.10%		-1.10%

Deferred tax assets consist of the following at:


	Year Ended December 31,
	2013		2012
	(In thousands)
Deferred tax assets:
Net operating loss carryforward	$	39,074	$	37,664
Stock-based compensation		3,117		3,580
Fixed assets and intangibles		783		1,043
Allowance and accruals		1,397		804
Credits		23		23
Total gross deferred tax assets		44,394		43,114
Less: valuation allowance		(44,394)		(43,114)
Net deferred tax assets	$	-	$	-