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INCOME TAXES (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Income Taxes Tables    
Provision (benefit) for income taxes

 

    March 31, December 31,  
    2015     2014  
Current:            
Federal AMT   $ 1,000     $ 24,354  
State     5,000       147,000  
      6,000       171,354  
Deferred:                
Federal   $ 21,080     $ 626,280  
State     -       -  
      21,080       626,280  
Change in valuation allowance     (21,080 )     (626,280 )
Provision (benefit) for income taxes, net   $ 6,000     $ 171,354  

 

    December 31,  
    2014     2013  
Current:            
Federal AMT   $ 24,354     $ 26,250  
State     147,000       64,250  
      171,354       90,500  
Deferred:                
Federal   $ 626,280     $ 455,000  
State     -       38,000  
      626,280         493,000  
Change in valuation allowance     (626,280 )     (493,000 )
Provision (benefit) for income taxes, net   $ 171,354     $ 90,500  
Federal statutory tax rate  
  December 31,  
  2014     2013  
Statutory federal income tax rate     34.00 %     34.00 %
State income taxes and other     7.09 %     6.29 %
Federal AMT     1.30 %     1.90 %
Temporary differences     0.22%       - -
Permanent differences     0.60%       -  
Valuation allowance     (34.00) %     (35.65 %
Effective tax rate     9.21 %     6.54  
Deferred tax assets

 

  March 31,   December 31,  
  2015   2014  
         
Net operating loss carryforwards   $ 6,581,000     $ 6,602,000  
Valuation allowance     (5,892,000 )     (5,913,000 )
                 
Deferred income tax asset   $ 689,000     $ 689,000  

 

  December 31,  
  2014   2013  
Net operating loss carryforwards     6,602,000       7,272,000  
Valuation allowance     (5,913,000 )     (6,583,000  
                 
Deferred income tax asset   $ 689,000     $ 689,000