Note 10 - Income Taxes

9 Months Ended

Sep. 30, 2011

Income Tax Disclosure [Text Block]

NOTE 10:                    INCOME TAXES

The income tax provision (benefit)  for income taxes includes the following:

	Nine Months Ended September 30,
	2011			2010
Current:
Federal	$	615,876		$	( 85,535	)
State		80,021			(26,111	)
Total current provision/(benefit)		695,907			(111,646	)
Deferred:
Federal	$	151,239		$	18,482
State		(42,869	)		4,348
Total deferred/provision		108,370			22,830
Income tax expense/(benefit)	$	804,267		$	(88,816	)

We calculate our current and deferred tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed. Adjustments for differences between our tax provisions and tax returns are recorded when identified, which is generally in the third or fourth quarter of our subsequent year.