INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2014 and 2013 are as follows:

	DECEMBER 31,
	2014		2013
Deferred tax liabilities:
Property and equipment	$	(7,145,000)	$	(7,201,000)

Total deferred tax liabilities		(7,145,000)		(7,201,000)

Deferred tax assets:
Net operating loss carryforwards		3,424,000		3,607,000
Accruals and allowances		173,000		240,000
Tax credits		319,000		318,000
Other – net		235,000		101,000
Capital loss carryover		437,000		-

Total deferred tax assets		4,588,000		4,266,000

Valuation allowance		(549,000)		(95,000)

Deferred tax assets net of valuation allowance		4,039,000		4,171,000

Net deferred tax liabilities	$	(3,106,000)	$	(3,030,000)

Condensed Financial Statements [Table Text Block]

These amounts are presented in the financial statements as follows:

	DECEMBER 31,
	2014		2013

Current deferred tax assets	$	367,000	$	342,000
Deferred income taxes (non-current)		(3,473,000)		(3,372,000)

	$	(3,106,000)	$	(3,030,000)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision for income taxes consist of the following:

	YEARS ENDED DECEMBER 31,
		2014		2013		2012
Current:
Federal	$	-	$	-	$	18,000
State		54,000		23,000		65,000
Foreign		-		-		-
Total current		54,000		23,000		83,000

Deferred:
Federal		(131,000)		184,000		95,000
State		40,000		12,000		(41,000)
Foreign		166,000		(135,000)		(30,000)
Total deferred		75,000		61,000		24,000

	$	129,000	$	84,000	$	107,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The provision for income taxes differs from the amount computed by applying the U.S. federal statutory tax rate (34% in 2014, 2013 and 2012) to income before taxes as follows:

	YEARS ENDED DECEMBER 31,
	2014		2013		2012

Computed expected federal income tax	$	(280,000)	$	(92,000)	$	49,000
State income taxes, net of federal benefit		66,000		120,000		38,000
Non-deductible expenses		21,000		28,000		24,000
Change in valuation allowance		416,000		(68,000)		(61,000)
Other		(94,000)		96,000		57,000

	$	129,000	$	84,000	$	107,000