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Note 7
9 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Text Block]
7.           An income tax valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The net change in the valuation allowance for the nine months ended September 30, 2012 was a decrease of $51,000 to recognize the decrease in deferred tax assets during the first nine months. The net deferred tax asset of $471,000 as of September 30, 2012 represents the Company’s belief that it is more likely than not that a profit will be generated over the next twelve to eighteen months due to the addition of video gaming sales beginning in late 2012, which will allow the Company to use a portion of the current net operating loss carry forwards.  As of December 31, 2011, the Company has net operating loss carry forwards for Federal income tax purposes of approximately $5,503,000, which are available to offset future Federal taxable income, if any, through 2022. The Company also has alternative minimum tax credit carry forwards of approximately $148,000, which are available to reduce future Federal regular income taxes, if any, over an indefinite period. No tax benefits are set to expire in the next twelve months that may have an impact upon the Company’s effective tax rate. The Company files tax returns in the U.S. federal jurisdiction and various state jurisdictions. The tax years 2009, 2010 and 2011 remain open to examinations. Our policy is to recognize interest and penalties related to uncertain tax positions in income tax expense. During the nine months ended September 30, 2012, the Company did not recognize expense for interest or penalties related to income tax, and do not have any amounts accrued at September 30, 2012, as the Company does not believe it has taken any uncertain income tax positions.