Three Months Ended June 30,

Six Months Ended June 30,

2013

2012

2013

2012

Income tax from continuing operations

Tax expense (benefit) at statutory rate of 34%

$

(181,941

)

$

(362,084

)

$

2,434,919

$

1,420,063

State income tax, net of Federal tax exp (benefit)

(20,014

)

14,225

267,844

197,938

Amortization of deferred investment tax credits

(5,265

)

(5,266

)

(10,531

)

(10,531

)

Other

(984

)

12,363

8,490

10,531

Total income tax expense (benefit)

$

(208,204

)

$

(340,762

)

$

2,700,722

$

1,618,001