Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes

Schedule Of Income Tax Expense

Year Ended December 31	2014		2013
Current taxes - Federal	$	204,000	$	816,000
Current taxes - State	37,000		52,000
Deferred taxes - Federal	51,000		139,000
Deferred taxes - State	6,000		39,000
Income tax expense	$	298,000	$	1,046,000

Schedule Of Significant Components Of Deferred Taxes

As of December 31	2014			2013
Current Deferred Tax Assets (Liabilities):
Accrued expenses	$	68,000		$	134,000
Allowance for doubtful accounts	32,000			6,000
Inventory reserve	13,000			14,000
Net operating loss carryforwards	3,000			16,000
Prepaid expenses	(71,000		)	—
Other	7,000			1,000
Current deferred tax assets	$	52,000		$	171,000
Long-Term Deferred Tax Assets (Liabilities):
Depreciation	$	(324,000	)	$	(372,000	)
Stock options	73,000			68,000
Net operating loss carryforwards	29,000			20,000
Long-term deferred tax liabilities	$	(222,000	)	$	(284,000	)

Reconciliation Of Effective Income Tax Rate

Year Ended December 31	2014		2013
Federal statutory rate	34.0	%	34.0	%
Stock based compensation	12.1		4.9
State taxes	2.3		1.6
Other permanent differences	5.3		0.7
Impact of uncertain tax positions	5.5		1.2
Other	(0.7	)	0.7
Effective federal income tax rate	58.5	%	43.1	%

Reconciliation Of The Liability For Uncertain Tax Positions

Balance at January 1, 2013	$	430,000
Resolution of prior year items	(3,000		)
Increases due to current year positions	10,000
Increases due to interest	21,000
Balance at December 31, 2013	458,000
Increases due to current year positions	5,000
Increases due to interest	23,000
Balance at December 31, 2014	$	486,000