Income taxes, continuing operations

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income taxes, continuing operations

7.Income taxes, continuing operations:

Deferred income taxes are recorded based upon differences between financial statement and tax basis amounts of assets and liabilities. The tax effects of temporary differences for continuing operations which give rise to deferred tax assets and liabilities are as follows:

	September 30, 2023			December 31, 2022
Gross deferred tax liabilities:
Property having a financial statement basis in excess of tax basis	$	364,000		$	361,000
Accounts receivable		318,000			289,000
Deferred income - conversion to cash basis of accounting for tax purposes		5,000			19,000
Insurance premiums		18,000			50,000
		705,000			719,000
Gross deferred tax assets:
Allowance for doubtful accounts		(302,000	)		(279,000	)
Prepaid rent		(49,000	)		(25,000	)
Accounts payable and accrued expenses		(61,000	)		(74,000	)
Accrued property taxes		(92,000	)		(70,000	)
		(504,000	)		(448,000	)
	$	201,000		$	271,000