XML 50 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAXES (Details 1) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Deferred tax assets:    
Capital loss carry forwards $ 1,088,000 $ 1,088,000
Bad debts 4,000 86,000
Stock based compensation - options and restricted stock 395,000 282,000
Capitalized engineering costs 512,000 506,000
Account payable, accrued expenses and reserves 483,000 447,000
Deferred rent 9,000 9,000
Amortization - NTW Transaction 445,000 423,000
Inventory - 263A adjustment 312,000 138,000
Lease Impairment 785,000 569,000
Deferred gain on sale of real estate 59,000 85,000
Section 1231 loss carryover 198,000 209,000
Total deferred tax assets before valuation allowance 4,290,000 3,842,000
Valuation allowance (1,092,000) (2,269,000)
Total deferred tax assets after valuation allowance 3,198,000 1,573,000
Deferred tax liabilities:    
Property and equipment (1,044,000) (997,000)
Goodwill - NTW Transaction (4,000)   
Amortization - Welding Transaction (525,000) (576,000)
Total Deferred Tax Liability (1,573,000) (1,573,000)
Net deferred tax asset $ 1,625,000