Note 12. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

	2013			2012
Current:
Federal	$	590,000		$	221,000
State		103,000			39,000
Foreign		73,000			-
Total Current		766,000			260,000
Deferred:
Federal		(213,000	)		(8,000	)
State		24,000			(1,000	)
		(21,000	)
Total Deferred		(210,000	)		(9,000	)
Total provision for income taxes	$	556,000		$	251,000

Schedule of Effective Income Tax Rate Reconciliation

	2013			2012
Federal statutory tax rate		34.0	%		34.0	%
State tax rate		4.2	%		6.0	%
Permanent difference  - transaction costs		10.1	%		-
Permanent difference - Other		2.9	%		5.6	%
Other		(4.3	) %		(0.5	) %
		46.9	%		45.1	%
Change in valuation allowance		-			-
Total		46.9	%		45.1	%

Schedule of Deferred Tax Assets and Liabilities

	2013			2012			Change
Assets:
Net operating loss	$	583,000		$	-		$	364,000
Deferred revenue		10,000			45,000			(35,000	)
Allowance for doubtful accounts		140,000			47,000			93,000
Stock options		154,000			107,000			47,000
Basis difference in intangible assets		136,000			46,000			91,000
Accrued accounting fees		15,000			-			16,000
Rent expense		26,000			-			26,000
Foreign tax credits carryforward		1,181,000			-			1,181,000
Other		2,000			-			3,000
Total deferred tax asset		2,247,000			245,000			1,786,000
Less:  Valuation allowance		(1,762,000	)		-			(1,545,000	)
Total net deferred tax asset		485,000			245,000			241,000
Liabilities
Prepaid expenses		(16,000	)		(15,000	)		(1,000	)
Basis difference in fixed assets		(100,000	)		(22,000	)		(78,000	)
Debt discount - convertible note payable		(761,000	)		-			(761,000	)
Purchase of intangibles		(1,233,000	)		-			(1,233,000	)
Total deferred tax liability		(2,110,000	)		(37,000	)		(2,073,000	)
Total net deferred tax asset / (liability)	$	(1,625,000	)	$	208,000		$	(1,832,000	)