INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

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

The components of the provision for income taxes as of December 31, 2015, 2014 and 2013 consist of the following:

	YEARS ENDED DECEMBER 31,
	2015		2014		2013
Current:
Federal	$	35,000	$	-	$	-
State		103,000		54,000		23,000
Foreign		-		-		-
Total current		138,000		54,000		23,000

Deferred:
Federal		353,000		(131,000)		184,000
State		(57,000)		40,000		12,000
Foreign		-		166,000		(135,000)
Total deferred		296,000		75,000		61,000

	$	434,000	$	129,000	$	84,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2015 and 2014 are as follows:

	DECEMBER 31,
	2015		2014
Deferred tax liabilities:
Property and equipment	$	(6,831,000)	$	(7,145,000)

Total deferred tax liabilities		(6,831,000)		(7,145,000)

Deferred tax assets:
Net operating loss carryforwards		2,859,000		3,424,000
Accruals and allowances		172,000		173,000
Tax credits		356,000		319,000
Other – net		163,000		235,000
Capital loss carryover		1,217,000		437,000

Total deferred tax assets		4,767,000		4,588,000

Valuation allowance		(1,340,000)		(549,000)

Deferred tax assets net of valuation allowance		3,427,000		4,039,000

Net deferred tax liabilities	$	(3,404,000)	$	(3,106,000)

Condensed Financial Statements [Table Text Block]

These amounts are presented in the financial statements as follows:

	DECEMBER 31,
	2015		2014

Current deferred tax assets	$	-	$	367,000
Deferred income taxes (non-current)		(3,404,000)		(3,473,000)

	$	(3,404,000)	$	(3,106,000)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The provision for income taxes differs from the amount computed by applying the U.S. federal statutory tax rate (34% in 2015, 2014 and 2013) to income before taxes as follows:

	YEARS ENDED DECEMBER 31,
	2015		2014		2013

Computed expected federal income tax	$	(360,000)	$	(280,000)	$	(92,000)
State income taxes, net of federal benefit		(55,000)		66,000		120,000
Non-deductible expenses		40,000		21,000		28,000
Change in valuation allowance		792,000		416,000		(68,000)
Other		17,000		(94,000)		96,000

	$	434,000	$	129,000	$	84,000