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Note 7 - Income Taxes (Tables)
12 Months Ended
Mar. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
 

Years Ended March 31,

 

2013

2012

Current:

               

Federal

  $ -   $ -

State

    -     (50,000 )

Deferred

    -     396,000
    $ -   $ 346,000
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
 

Years Ended March 31,

 

2013

2012

Statutory income tax rate

    34.0

%

    34.0

%

State taxes, net of federal benefit

    3.6     3.3

Other permanent differences

    -     (6.1 )

Establishment of valuation allowances

    (38.4 )     (40.4 )

Other

    0.8     0.1
      0.0

%

    (9.1 )%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
 

March 31,

 

2013

2012

Deferred tax assets:

               

Accounts receivable

  $ 7,000   $ 9,000

Accrued expenses

    10,000     9,000

Deferred rent

    270,000     270,000

Net operating loss carryforwards

    3,591,000     1,637,000

Alternative minimum tax credit

    235,000     235,000
      4,113,000     2,160,000
                 

Deferred tax liabilities:

               

Prepaid expenses

    (27,000 )     (3,000 )

Depreciation and amortization

    (163,000 )     (192,000 )
      (190,000 )     (195,000 )

Net deferred tax asset before valuation allowance

    3,923,000     1,965,000

Valuation allowance

    (3,923,000 )     (1,965,000 )

Net deferred tax asset

  $ -   $ -