9. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes Tables

Provision for income taxes

	Year Ended December 31,
	2014			2013
Current tax expense:
Federal	$	663,096		$	406,889
State (includes Mult/PDX)		132,903			114,820
		795,999			521,709
Deferred tax expense (benefit):
Federal		(18,087	)		331,796
State		(1,913	)		51,204
		(20,000	)		383,000
Total	$	775,999		$	904,709

Effective income tax rate differs from the federal statutory rate

	Year Ended December 31,
	2014			2013
Federal statutory rate		34.00	%		34.00	%
State taxes, net of federal benefit		3.60	%		5.25	%
Permanent differences		-1.70	%		-1.36	%
Tax credits		-5.74	%		-
Prior year adjustments		-2.42	%		-0.46	%
Changes in tax rates and other		-1.32	%		1.43	%
		26.4	%		38.9	%

Deferred tax assets and (liabilities)

	2014			2013
Accounts receivable	$	4,000		$	6,000
Deferred gain on sale-leaseback		58,000			73,000
Stock compensation		21,000			-
Other		148,000			95,000
Net current deferred tax assets	$	231,000		$	174,000
Prepaids		(54,000	)		(38,000	)
Depreciation		(1,273,000	)		(1,066,000	)
Inventory		(321,000	)		(507,000	)
Net noncurrent deferred tax liability		(1,648,000	)		(1,611,000	)
Net deferred tax liability	$	(1,417,000	)	$	(1,437,000	)