Annual report pursuant to section 13 and 15(d)

7. INCOME TAXES (Tables)

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7. INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

    Years Ended December 31,  
    2013     2012  
Statutory rate     35.0%       35.0%  
Change in valuation allowance     458.0       125.5  
Convertible debt instruments     (297.7 )     –  
Section 382 reduction to loss carryover     (141.1 )     (169.4 )
State income taxes, net of federal benefit     (8.2 )     5.5  
Stock compensation     (20.9 )     (1.9 )
Non-deductible items     (27.7 )     3.6  
Other     2.6       1.7  
Effective rate     0.0%       0.0%  
Components of deferred income taxes

    December 31,  
    2013     2012  
Deferred tax assets:                
Net operating loss carryforwards   $ 17,566     $ 17,818  
Capital loss carryover     844       840  
Stock-based compensation     556       278  
Enterprise zone credits     259       –  
Other accrued liabilities     395       156  
Fixed assets     119       167  
Other     217       207  
Total deferred tax assets     19,956       19,466  
                 
Deferred tax liabilities:                
Investment in New PE Holdco     (11,074 )     (7,480 )
Intangibles     (1,325 )     (1,513 )
Derivative instruments mark-to-market     (226 )     (9 )
Total deferred tax liabilities     (12,625 )     (9,002 )
                 
Valuation allowance     (8,422 )     (11,555 )
Net deferred tax liabilities   $ (1,091 )   $ (1,091 )
                 
Classified in balance sheet as:                
Deferred income tax benefit (current assets)   $ –     $ –  
Deferred income taxes (long-term liability)     (1,091 )     (1,091 )
    $ (1,091 )   $ (1,091 )
Federal Income Tax Note

Jurisdiction   Tax Years
Federal   2010 – 2012
Arizona   2010 – 2012
California   2009 – 2012
Colorado   2009 – 2012
Idaho   2010 – 2012
Oregon   2010 – 2012