XML 28 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Current [Abstract]    
Federal $ (248,000) $ 0
State (64,000) (12,000)
Total current (312,000) (12,000)
Deferred [Abstract]    
Federal (842,000) (317,000)
State (20,000) (58,000)
Total deferred (862,000) (375,000)
Total income tax provision (1,174,000) (387,000)
Effective Income Tax Rate Reconciliation [Abstract]    
Statutory rate (in hundredths) (34.00%) (34.00%)
State taxes, net of federal benefit (in hundredths) (2.00%) (5.00%)
Effective rate (in hundredths) (36.00%) (39.00%)
Deferred tax assets [Abstract]    
Asset retirement obligation 357,000 327,000
Depletion carryover 0 0
Allowance for doubtful accounts 63,000 36,000
Accrued compensation and other 109,000 22,000
Net operating loss carryover 0 458,000
Total deferred tax assets 529,000 843,000
Deferred tax liability [Abstract]    
Difference in depreciation, depletion and capitalization methods - oil and gas properties (2,800,000) (2,252,000)
Total deferred tax liabilities (2,800,000) (2,252,000)
Net deferred tax liability (2,271,000) (1,409,000)
Balance Sheet Location [Abstract]    
Current asset 171,000 58,000
Non-current liability (2,442,000) (1,467,000)
Total (2,271,000) (1,409,000)
Unrecognized tax benefit due to uncertain tax positions 0  
Income tax interest and penalty expense 0 0
Accrued income tax interest and penalty $ 0 $ 0