INCOME TAXES

12 Months Ended

Dec. 31, 2012

Income Taxes

Income Tax Disclosure [Text Block]

NOTE H – INCOME TAXES

At December 31, 2012, the Company had net operating loss carry forwards of approximately $6 million, which expire between 2013 and 2026.

Forms 1120, U.S, Corporation Income Tax Returns, for the years ending December 31, 2012, 2011, 2010 are subject to examination, by the IRS, generally for three years after they are filed.

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

	Year ended December 31,
	2012		2011			2010
Write off  of Sterling investment	$	-	$	-		$	(350
Other		122		(155	)		10
	$	122	$	(155	)	$	(340)