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Income Taxes
9 Months Ended
Sep. 30, 2013
Income Taxes [Abstract]  
Income Taxes

(2) Income Taxes

     The total deferred tax asset was $7.5 million and $9.4 million at September 30, 2013 and December 31, 2012, respectively. During the quarter ended September 30, 2013, the Company determined that, upon sale of the Swan Creek and pipeline assets, the Company would not be able to utilize the state of Tennessee net operating loss carryforwards associated with Tengasco, Inc. and Tennessee Land and Minerals. In addition, the Company will not be able to realize the state of Tennessee tax effect of the difference between book and tax basis of the Swan Creek and pipeline assets. As a result the Company increased the valuation allowance by $350,000 to a total of $950,000 at September 30, 2013. Although management considers our valuation allowance and loss contingency as of September 30, 2013 and December 31, 2012 adequate, material changes in these amounts may occur in the future based on tax audits and changes in legislation.