Note 9 - Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Text Block]

NOTE 9:             INCOME TAXES

The provision for income taxes includes the following:

	Three Months Ended March 31,
	2013			2012
Current:
Federal	$	-		$	223,502
State		-			23,751
Total Current Provision		-			247,253
Deferred:
Federal	$	(388,929	)	$	51,280
State		(73,451	)		33,107
Total deferred		(462,380	)		84,387
Income tax (benefit)/expense	$	(462,380	)	$	331,640

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.