Income Taxes

9 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 8. Income Taxes

Following is the income tax benefit (expense) for the three and nine months ended September 30:

	Three months ended Sept. 30,						Nine months ended Sept. 30,
	2012			2011			2012		2011
Federal - deferred	$	-		$	(156,000	)	$	-	$	(156,000	)
State and local		(1,237	)		(637	)		24,652		(9,112	)
	$	(1,237	)	$	(156,637	)	$	24,652	$	(165,112	)

The tax benefit for the nine months ended September 30, 2012 was due to the reversal of an accrual. Deferred tax assets and liabilities result from temporary differences in the recognition of income and expense for tax and financial reporting purposes. A full valuation allowance has been recorded against the realizability of the net deferred tax assets at September 30, 2012 and December 31, 2011.   The Company has net operating loss carryforwards available for federal and state tax purposes of approximately $4,100,000, which expire in varying amounts through 2030.