Deferred Income Taxes

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Deferred Income Taxes

Note 14.  Deferred Income Taxes.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities, for financial reporting purposes, and amounts used for Federal income tax purposes. Significant components of the Company's continuing operations deferred tax asset at December 31:

Deferred Tax Assets:	2011			2010
Net Operating Loss Carry-Forward	$	63,676,250		$	61,463,176
Statutory Tax Rate		34	%		34	%
Total Deferred Tax Assets		21,649,925			20,897,480
Valuation Allowance for Deferred Tax Assets		(21,649,925	)		(20,897,480	)
Net Deferred Taxes	$	-		$	-

At December 31, 2011, the Company had available, net operating loss carry-forwards of approximately $63,676,250 for Federal income tax purposes. Utilization by the Company is subject to limitations based on the Company's future income, and pursuant to Section 382 of the Internal Revenue Code, as amended, the usage of some of these net operating loss carry-forwards may be limited due to changes in ownership that have occurred or may occur in the future. The loss carry-forwards, if not used, will expire as follows: $5,319,718 in 2018, $1,067,538 in 2019, $4,557,566 in 2020, $7,870,612 in 2021, $10,869,699 in 2022, $9,811,811 in 2023, $4,244,336 in 2024, $3,607,642 in 2025, $2,744,261 in 2026, $4,994,863 in 2027, $4,014,317 in 2028, $2,360,813 in 2029, and $2,213,074 in 2031.