Note 10 - Income Taxes

3 Months Ended

Mar. 31, 2012

Income Tax Disclosure [Text Block]

NOTE 10:                      INCOME TAXES

The provision for income taxes includes the following:

	Three Months Ended March 31,
	2012		2011
Current:
Federal	$	223,502	$	194,886
State		23,751		24,873
Total Current Provision		247,253		219,759
Deferred:
Federal	$	51,280	$	18,297
State		33,107		( 14,519	)
Total deferred		84,387		3,778
Income tax expense	$	331,640	$	223,537

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.