Income Taxes	3 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. – Income Taxes Income tax expense of $30 ($4 federal tax expense and $34 state tax benefit) and income tax benefit of $2 ($46 federal tax expense and $48 state tax benefit) was recorded for the three months ended September 30, 2014 and 2013, respectively. For the three months ended September 30, 2014, the effective tax rate differed materially from the statutory rate primarily due to the requirements under ASC 740-20, “Intraperiod Tax Allocation” (“ASC 740-20”) which requires that the Company calculate its expected taxes for the fiscal year and apply the result to the current interim quarter without regard to the actual results of the current interim quarter. At September 30, 2014, the Company had $8,553 of estimated net operating loss carry-forward for federal income tax purposes available for use in future years subject to the limitations of the provisions of Internal Revenue Code Section 382. At September 30, 2014, we have provided a partial valuation allowance against the deferred tax asset so that the net tax asset was $7,427. Based upon management’s assessment that it was more likely than not that a portion of its deferred tax asset (primarily its net operating losses subject to limitation) would not be recovered, the Company established a valuation allowance for the portion of the tax asset which management estimates will not be utilized.

Income Taxes

3 Months Ended

Sep. 30, 2014

Note 8. – Income Taxes

Income tax expense of $30 ($4 federal tax expense and $34 state tax benefit) and income tax benefit of $2 ($46 federal tax expense and $48 state tax benefit) was recorded for the three months ended September 30, 2014 and 2013, respectively. For the three months ended September 30, 2014, the effective tax rate differed materially from the statutory rate primarily due to the requirements under ASC 740-20, “Intraperiod Tax Allocation” (“ASC 740-20”) which requires that the Company calculate its expected taxes for the fiscal year and apply the result to the current interim quarter without regard to the actual results of the current interim quarter.

At September 30, 2014, the Company had $8,553 of estimated net operating loss carry-forward for federal income tax purposes available for use in future years subject to the limitations of the provisions of Internal Revenue Code Section 382. At September 30, 2014, we have provided a partial valuation allowance against the deferred tax asset so that the net tax asset was $7,427. Based upon management’s assessment that it was more likely than not that a portion of its deferred tax asset (primarily its net operating losses subject to limitation) would not be recovered, the Company established a valuation allowance for the portion of the tax asset which management estimates will not be utilized.