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Income Taxes
 3 Months Ended
Mar. 31, 2012
Income Taxes [Abstract]  
Income Taxes
Note 4 - Income Taxes
 
The components of the income tax expense for the period ended March 31, 2012 and 2011 respectively are as follows:
 
 
 
March 31, 2012
 
 
March 31, 2011
 
Current:
 
 
 
 
 
 
Federal
 
$
(2,177
)
 
$
(4,007)
 
State
 
 
-
 
 
 
                       3
 
Foreign
 
 
(3
)
 
 
                      4
 
 
 
 
(2,180
)
 
 
(4,000)
 
Deferred:
 
 
 
 
 
 
 
 
Federal
 
 
1
 
 
 
3,300
 
State
 
 
6
 
 
 
-
 
Foreign
 
 
-
 
 
 
-
 
 
 
 
7
 
 
 
3,300
 
Total provision for income taxes
 
$
(2,173
)
 
$
(700)
 
 
In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of deferred assets will not be realized.  The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible.
 
Based on the available objective evidence, management believes it is more likely than not that the net deferred tax assets will not be fully realizable for the three months ended March 31, 2012.  Accordingly, management has maintained partial valuation allowance against its net deferred tax assets at March 31, 2012.  The net change in the total valuation allowance for the period ended March 31, 2012 was a decrease of $208.
 
At March 31, 2012, the Company has federal and state net operating loss carryforward of approximately $912 and $44,277 respectively, expiring beginning in 2027 and 2012, respectively.