XML 48 R12.htm IDEA: XBRL DOCUMENT

6. Income Taxes	12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]
Note 6 - Income Taxes	The Company had a deferred tax asset, as a result of prior operating losses, of $10.64 million at December 31, 2012 and $10.58 million at December 31, 2013, which expires between the years 2018 and 2033. In 2011, 2012 and 2013, the Company used deferred benefits to offset its tax expense of $1.00 million, $753,000 and $568,000, respectively, and tax benefits from loss on discontinued operations of $466,000 in 2011, $344,000 in 2012 and $512,000 in 2013. As a result of the tax credits, the Company did not pay any income taxes in 2011, 2012 and 2013. 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.

6. Income Taxes

12 Months Ended

Dec. 31, 2013

The Company had a deferred tax asset, as a result of prior operating losses, of $10.64 million at December 31, 2012 and $10.58 million at December 31, 2013, which expires between the years 2018 and 2033. In 2011, 2012 and 2013, the Company used deferred benefits to offset its tax expense of $1.00 million, $753,000 and $568,000, respectively, and tax benefits from loss on discontinued operations of $466,000 in 2011, $344,000 in 2012 and $512,000 in 2013. As a result of the tax credits, the Company did not pay any income taxes in 2011, 2012 and 2013. 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.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details