Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Summary of net operating loss carryforwards expire data

Year Ending December 31,	Amount
2017	$	177,000
2020		280,000
2021		71,000
2024		66,000
2028		7,000
2030		160,000
2031		73,000
2032		48,000
Total	$	882,000

Summary of components of provision for income taxes

	2013			2012
Current income tax benefit (expense)	$	-		$	-
Tax benefit (expense) of temporary differences		(80,000	)		(101,000	)
Decrease (increase) in valuation allowance		-			76,000
Total net tax benefit (expense)	$	(80,000	)	$	(25,000	)

Summary of significant components of deferred Federal income taxes

	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	247,000		$	268,000
Less valuation allowance		(21,000	)		(21,000	)
Deferred tax assets, net of valuation		226,000			247,000
Deferred tax liabilities:
Depreciation expense		(79,000	)		(47,000	)
Impairment allowance – assets held for sale		(27,000	)			-
Deferred tax liabilities		(106,000	)		(47,000	)
Net tax assets	$	120,000		$	200,000

Summary of differences between effective income tax rate reflected in benefit (provision) for income taxes amounts

	2013			2012
Tax benefit (expense) at Federal statutory rate	$	(80,000	)	$	(28,000	)
Effect of State taxes		(11,000	)		(5,000	)
Effect of surtax exemption		6,000			8,000
Other		5,000			-
Total tax benefit (provision)	$	(80,000	)	$	(25,000	)