Income Taxes (Tables)

6 Months Ended

Sep. 30, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of income tax expense for the six months ended September 30, 2012 are as follows:



$ in thousands	September 30, 2012
Federal income tax expense (benefit):
Current	$	123
Deferred	(1,481		)
Valuation Allowance	1,481
	123
State and local income tax expense (benefit):
Current	73
Deferred	(56		)
Valuation Allowance	56
	73

Total income tax expense:	$	196

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the expected Federal income tax rate to the consolidated effective tax rate for the six months ended September 30, 2012:



$ in thousands	September 30, 2012
	Amount			Percent
Statutory Federal income tax	$	(103	)	34.0	%
State and local income taxes, net of Federal tax benefit	10			(3.4	)%
General business credit	(16		)	5.3	%
Valuation allowance	1,537			(506.3	)%
Adjustment to DTA due to Section 382 limitation	(1,363		)	449.1	%
Other	131			(43.1	)%
Total income tax expense	$	196		(64.2	)%