Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Taxes [Abstract]

Components of Income Taxes Provision (Benefit)

The components of the provision for (benefit from) income taxes are as follows:

	Year Ended December 31,
	2018			2017
Current taxes:
Federal	$	32,000		$	55,000
State		137,000			9,000
Current taxes		169,000			64,000
Deferred taxes:
Federal	$	(201,000	)	$	(247,000	)
State		(160,000	)		86,000
Deferred taxes		(361,000	)		(161,000	)
Benefit from income taxes	$	(192,000	)	$	(97,000	)

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,
	2018			2017
Income tax at the federal statutory rate	$	(128,000	)	$	149,000
State income tax, net of federal taxes		(55,000	)		23,000
Permanent differences and other		(9,000	)		26,000
Benefit of federal tax rate decrease		-			(295,000	)
Income tax (benefit) provision	$	(192,000	)	$	(97,000	)

Deferred Tax Assets and Liabilities

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

	December 31,
	2018			2017
Deferred tax asset:
Basis differences in unconsolidated entities, including advances and loans to those entities.	$	373,000		$	-
Excess of book depreciation over tax depreciation		-			40,000
		373,000			40,000
Deferred tax liability:
Basis differences in unconsolidated entities		-			(115,000	)
Deferred gain on disposal of gamma knife		(577,000	)		(524,000	)
Excess of tax depreciation over book depreciation		(108,000	)		-
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		(2,000	)		(76,000	)
Net deferred tax liability	$	(314,000	)	$	(675,000	)