Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Taxes [Abstract]

Reconciliation of Tax Provision

A reconciliation of the tax provision calculated at the statutory federal income tax rate with amounts reported follows:

	Year Ended December 31,
	2015			2014
Income tax at the federal statutory rate	$	220,000		$	273,000
State income tax, net of federal taxes		21,000			26,000
Permanent differences		14,000			11,000
Other		(3,000	)		(16,000	)
Change in valuation allowance		-			(52,000	)
Income tax (benefit) provision	$	252,000		$	242,000

Deferred Tax Assets and Liabilities

Items which give rise to deferred tax assets and liabilities are as follows:

	December 31,
	2015			2014
Deferred tax asset:
Net operating loss	$	463,000		$	667,000
Basis difference in unconsolidated entities		32,000			-
		495,000			667,000
Deferred tax liability:
Basis difference in unconsolidated entities		-			(61,000	)
Deferred gain on disposal of gamma knife		(716,000	)		(716,000	)
Excess of depreciation over book depreciation		(82,000	)		(40,000	)
Net effect of conversion from the accrual basis of accounting to the cash basis of accounting for tax purposes primarily related to accounts receivable, prepaid expense, deferred revenue, and accounts payable		(191,000	)		(92,000	)
Net deferred tax liability	$	(494,000	)	$	(242,000	)