Income Taxes (Tables)

9 Months Ended

Dec. 31, 2012

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

The components of income tax expense for the nine months ended December 31, 2012 are as follows:



$ in thousands	December 31, 2012
Federal income tax expense (benefit):
Current	$	123
Deferred	(1,529		)
Valuation Allowance	1,529
	123
State and local income tax expense (benefit):
Current	141
Deferred	181
Valuation Allowance	(181		)
	141

Total income tax expense:	$	264

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 nine months ended December 31, 2012:



$ in thousands	December 31, 2012
	Amount			Percent
Statutory Federal income tax	$	81		34.0	%
State and local income taxes, net of Federal tax benefit	(6		)	(2.5	)%
General business credit	(24		)	(10.2	)%
Valuation allowance	1,348			565.5	%
Adjustment to DTA due to Section 382 limitation	(1,363		)	(571.7	)%
Other	228			95.6	%
Total income tax expense	$	264		110.7	%