6. Income Taxes

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Note 6 - Income Taxes

The Company had a deferred tax asset, as a result of prior operating losses, of $11.01 million at December 31, 2011 and $10.64 million at December 31, 2012, which expires between the years 2018 and 2028.  In 2010, 2011 and 2012, the Company used deferred benefits to offset its tax expense of $991,000,  $1.00 million and $753,000, respectively, and tax benefits from loss on discontinued operations of  $788,000 in 2010, $466,000 in 2011 and $344,000 in 2012.  As a result of the tax credits, the Company did not pay any income taxes in  2010, 2011 and 2012.  There are no material differences between reported income tax expense or benefit and the income tax expense or benefit that would result from applying the Federal and state statutory tax rates.