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INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2013
Income Taxes Tables  
Provision (benefit) for income taxes

The provision (benefit) for income taxes from continued operations for the quarter ended March 31, 2013 consisted of the following:       

     
    March  31, 2012  
Current:      
Federal   $ 5,000  
State     6,500  
      11,500  
Deferred:        
Federal   $ 207,000  
State     40,000  
      247,000  
Change in valuation allowance     (247,000)  
Provision benefit for income taxes, net   $ 11,500  

Deferred tax assets

The components of deferred tax assets consist principally from the following:     

 

     
    March 31, 2012  
       
Net operating loss carryforwards     7,476,000  
Valuation allowance     (6,787,000 )
         
Deferred income tax asset   $ 689,000