Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Income Taxes

(NOTE 11) – Income Taxes:

The Company utilized net operating loss carryforwards to offset income taxes, except for $74,000 and $28,000 of state income and federal minimum tax expense, for the nine and three months ended September 30, 2011, respectively. For the comparable periods in 2010, the Company recorded income tax expense (benefit) of $1,000 and $(20,000), respectively, for state income and federal minimum taxes.

The Company applies ASC 740 relating to accounting for uncertainty in income taxes. A tax benefit from an uncertain position may be recognized only if it is "more likely than not" that the position is sustainable based on its technical merits. Additionally, this pronouncement provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.  The Company does not have any liabilities for uncertain tax positions at September 30, 2011 or December 31, 2010.