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

    December 31,  
    2013     2012  
Current:            
Federal AMT   $ 26,250     $ 40,257  
State     64,250       -  
      90,500       40,257  
Deferred:                
Federal   $ 455,000     $ 646,000  
State     38,000       152,000  
       493,000       798,000  
Change in valuation allowance     (493,000 )     (1,487,000 )
Provision (benefit) for income taxes, net   $ 90,500     $ (648,743 )

 

Federal statutory tax rate
  December 31,  
  2013     2012  
Statutory federal income tax rate     34.00 %     34.00 %
State income taxes and other     6.29 %     8.00 %
Federal AMT     1.90 %     0.02 %
Valuation allowance     (35.65 )%     (76.76 )%
Effective tax rate     6.54 %     (34.74  
Deferred tax assets
  December 31,  
  2013   2012  
Net operating loss carryforwards     7,272,000       7,727,000  
Valuation allowance     (6,583,000 )     (7,038,000  
                 
Deferred income tax asset   $ 689,000     $ 689,000