Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.3.0.814
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
    Total     Total     Deferred Tax Asset  
    2014     2013     2014     2013  
Capitalized start-up costs $ 4.1   $ 4.6   $ 1.5   $ 1.7  
Stock-based compensation - net   16.5     16.3     6.3     6.2  
Net operating loss carry-forward   45.2     40.1     17.2     15.3  
Less: valuation allowance   (65.8 )   (61.0 )   (25.0 )   (23.2 )
             Total $   -   $   -   $   -   $   -  
Schedule of Reconcilation of Income Taxes (Benefit) [Table Text Block]
    December 31,     December 31,  
($ in millions)   2014     2013  
Tax benefit at U.S. federal statutory rate $ (1.2 ) $ (1.6 )
State income taxes/(benefit) before valuation allowance, net of federal benefit   (0.1 )   (0.2 )
Warrant revaluation (income)/expense   (0.4 )   (0.1 )
Capitalized start-up costs   (0.2 )   (0.2 )
Stock-based compensation   0.1     (0.4 )
Increase in valuation allowance   1.8     2.5  
Total provision for income tax benefit $ 0   $ 0