PROVISION FOR FEDERAL AND STATE INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

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

The provisions for income taxes are comprised of the following amounts:


	2012		2011
Current:
Federal	$	301,644	$	585,771
State		74,685		99,788
		376,329		685,559
Deferred:
Federal		170,618		8,644
State		18,216		924
		188,834		9,568
Total Provision for Income Taxes	$	565,163	$	695,127

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

A reconciliation of the differences between the tax provisions attributable to income from continuing operations and the tax provision at statutory Federal income tax rate follows:


	2012			2011
Income Taxes Computed at Statutory Rate	$	533,152		$	655,655
State Income Tax, Net of Federal Income Tax Benefit		56,922			70,001
Other, Net		(24,911	)		(30,529	)
Provision for Income Taxes	$	565,163		$	695,127

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

Significant components of the Company’s deferred tax assets and liabilities at December 31, 2012 and 2011 were:


	2012			2011
Deferred Tax Assets resulting from:
Inventory Valuation	$	3,065		$	138,163
Allowance for Sales Returns and Related Provision for:
Return of Finished Goods		149,185			96,749
Total Deferred Tax Assets		152,250			234,912
Deferred Tax Liabilities resulting from:
Tax over Book Depreciation		(272,063	)		(165,891	)
Net Deferred Tax Asset (Liability)	$	(119,813	)	$	69,021
The Net Deferred Tax Asset (Liability) is reflected in the Balance Sheet under these captions:
Current Deferred Income Tax Asset	$	152,250		$	234,912
Long-Term Deferred Income Tax Liability		(272,063	)		(165,891	)
	$	(119,813	)	$	69,021