INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2016

Income Taxes Tables

Provision (benefit) for income taxes

	June 30,			December 31,
	2016				2015
Current:
Federal AMT	$	58,000			$	-
State		131,000				-
		189,000				-
Deferred:
Federal	$	(659,000	)		$	5,074
State		(13,000)				5,510
		(672,000)				10,584
Change in valuation allowance		672,00				(10,584)
Provision (benefit) for income taxes, net	$	189,000			$	-

Deferred tax assets

	June 30, 2016			December 31, 2015
Inventory	$	41,401		$	41,401
Allowance for Doubtful Accounts		76,019			162,849
Foreign tax credits		30,086			30,086
Share Based Compensation		39,485			39,485
Other		47,670			24,100
Property and equipment		-			16,712
Net operating loss carryforwards		7,133,946			7,666,946
Valuation allowance		(6,475,032	)		(7,168,700	)
Deferred income tax asset		893,575			812,879
Deferred expenses		(71,482	)		(71,482	)
Property and equipment		(62,878	)		-
Other		(70,215	)		(52,397	)
Deferred income tax liability		(204,575	)		(123,879	)
Net deferred tax asset	$	689,000		$	689,000