Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Provision for Income Taxes

For the years ended December 31, 2012 and 2011, the provision for income taxes consisted of the following:

	2012				2011
	Current		Deferred		Current		Deferred
Income tax expense	$	2,131,000	$	608,000	$	2,181,000	$	93,000

Income Taxes To The Federal Statutory Rate

The following table reconciles the Company's effective income tax rate on income before income taxes to the Federal statutory rate for the years ended December 31, 2012 and 2011:

	2012			2011
Federal statutory rate		34.0	%		34.0	%
State income taxes, net of federal benefit		4.6			4.5
		38.6	%		38.5	%

Components of Deferred taxes

Deferred taxes are comprised of the following at December 31, 2012 and 2011:

	December 31,			December 31,
	2012			2011
Deferred tax asset (liability)
Reserves and allowances	$	241,000		$	241,000
Fixed assets		(354,000	)		(199,000	)
Intangible assets		(333,000	)		-
Other		(120,000	)		-
Total net deferred tax asset (liability)	$	(566,000	)	$	42,000