XML 85 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2013
Income Taxes  
Schedule of income tax provision (benefit) for income taxes

 

Years Ended

 

March 31, 2013

 

March 31, 2012

 

Current:

 

 

 

 

 

Federal

 

$

 

$

 

State

 

 

 

Total current

 

 

 

Deferred:

 

 

 

 

 

Federal

 

981,000

 

891,000

 

State

 

101,000

 

92,000

 

Total deferred

 

1,082,000

 

983,000

 

Valuation allowance

 

(1,082,000

)

(983,000

)

Total

 

$

 

$

 

Schedule of accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes

 

 

Years Ended

 

March 31, 2013

 

March 31, 2012

 

Federal statutory rate

 

$

(219,000

)

$

(180,000

)

Effect of:

 

 

 

 

 

State taxes, net of federal tax benefit

 

(23,000

)

(19,000

)

Other

 

40,000

 

46,000

 

Valuation allowance

 

202,000

 

153,000

 

Total

 

$

 

$

 

Schedule of components of the deferred tax asset

 

Years Ended

 

March 31, 2013

 

March 31, 2012

 

Credits and net operating loss carryforwards

 

$

2,838,000

 

$

3,877,000

 

Other

 

104,000

 

135,000

 

Gross deferred tax assets

 

2,942,000

 

4,012,000

 

Valuation allowance

 

(2,942,000

)

(4,012,000

)

Total deferred tax assets

 

$

 

$