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Note 8 - Income Taxes
 12 Months Ended
Dec. 31, 2011
Notes To Financial Statements  
Income Tax Disclosure [Text Block]
8.  INCOME TAXES

The provision for income taxes consists of the following:

     
2011
   
2010
   
2009
 
Current provision:
                   
 
Federal
  $ 2,155,653     $ 2,121,604     $ 1,461,655  
 
State
    375,336       286,171       197,828  
        2,530,989       2,407,775       1,659,483  
                           
Deferred provision (benefit):
                         
 
Federal
    229,540       (80,991 )     37,632  
 
State
    27,004       (9,529 )     3,144  
        256,544       (90,520 )     40,776  
                           
      $ 2,787,533     $ 2,317,255     $ 1,700,259  
 
Income before income taxes is earned in the following tax jurisdictions:

   
2011
   
2010
   
2009
 
United States
  $ 6,344,634     $ 5,670,352     $ 4,437,072  
United Kingdom
    476,414       319,290       324,924  
Canada
    945,041       486,981       284,350  
Australia
    (131,467 )     -       -  
Spain
    (93,120 )     -       -  
    $ 7,541,502     $ 6,476,623     $ 5,046,346  

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows:

   
2011
   
2010
 
Deferred income tax assets:
           
Allowance for doubtful accounts
  $ 30,729     $ 55,414  
Capitalized inventory costs
    147,135       154,712  
Warrants and stock-based compensation
    54,042       45,116  
Accrued expenses, reserves, and other
    103,387       97,383  
Total deferred income tax assets
    335,293       352,625  
                 
Deferred income tax liabilities:
               
Property and equipment depreciation
    758,024       534,639  
Goodwill and other intangible assets amortization
    154,847       139,020  
Total deferred income tax liabilities
    912,871       673,659  
                 
Net deferred tax asset (liability)
  $ (577,578 )   $ (321,034 )

The net deferred tax liability is classified on the balance sheets as follows:

   
2011
   
2010
 
Current deferred tax assets
  $ 281,251     $ 307,509  
Long-term deferred tax liabilities
    (858,829 )     (628,543 )
Net deferred tax asset (liability)
  $ (577,578 )   $ (321,034 )

The effective tax rate differs from the statutory rate as follows:

   
2011
   
2010
   
2009
 
Statutory rate – Federal US income tax
    34 %     34 %     34 %
State and local taxes
    4 %     4 %     4 %
Non-U.S. income tax at different rates
    2 %     -       -  
Domestic production activities deduction
    (1 %)     (1 %)     (2 %)
Other, net
    (2 %)     (1 %)     (2 %)
Effective rate
    37 %     36 %     34 %

We file a consolidated U.S. income tax return as well as state tax returns on a consolidated, combined or stand-alone basis, depending on the jurisdiction.  We are no longer subject to U.S. federal income tax examinations by tax authorities for years prior to the tax year ended December 2009.  Depending on the jurisdiction, we are no longer subject to state examinations by tax authorities for years prior to the December 2008 and December 2009 tax years.