Income Taxes

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Income tax expense (benefit) is comprised of the following:

	December 31,
	2012			2011
Federal:
Current	$	329,000		$	(272,000	)
Deferred	(190,000		)	153,000
	139,000			(119,000		)
State:
Current	87,000			(39,000		)
Deferred	(44,000		)	22,000
	43,000			(17,000		)
	$	182,000		$	(136,000	)

The provision for income taxes differs from the amount determined by applying the federal statutory tax rate to pre-tax income (loss) as a result of the following:

	December 31,
	2012					2011
Income taxes at statutory rate	$	190,000		34.0	%	$	(166,000	)	(34.0	)%
Increase (decrease) in taxes resulting from:
State income taxes, net of federal benefit	25,000			4.5	%	(19,000		)	(3.9	)%
Other, including prior year (over) under accrual	(33,000		)	(5.9	)%	49,000			10.1	%
	$	182,000		32.6	%	$	(136,000	)	(27.8	)%

Prepaid income taxes relate to amounts refundable from federal and state tax authorities for overpayment of estimated taxes that are expected to be applied towards future required payments. 

Deferred tax assets (liabilities) are as follows:

	December 31,
	2012			2011
Depreciation	$	(694,000	)	$	(822,000	)
Provision for doubtful accounts	90,000			91,000
Vacation accrued	81,000			75,000
Deferred income	186,000			85,000
Other	81,000			81,000
Net deferred tax asset (liability)	(256,000		)	(490,000		)
Current portion, net	438,000			332,000
Long-term portion, net	(694,000		)	(822,000		)
	$	(256,000	)	$	(490,000	)