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9. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes Tables

Provision for income taxes

		Year Ended December 31,
		2013				2012
Current tax expense
Federal		$	406,889			$	581,483
State			114,820				123,458
			521,709				704,941
Deferred tax expense (benefit)
Federal			331,796				(45,512	)
State			51,204				(5,488	)
			383,000				(51,000	)
Total		$	904,709			$	653,941

Effective income tax rate differs from the federal statutory rate

		Year Ended December 31,
		2013				2012
Federal statutory rate			34.00	%			34.00	%
State taxes, net of federal benefit			5.25	%			4.10	%
Permanent differences			-1.36	%			-1.96	%
Other, primarily prior years			0.97	%			-0.94	%
			38.9	%			35.2	%

Deferred tax assets and (liabilities)

		2013				2012
Accounts receivable		$	6,000			$	5,000
Deferred gain on sale-leaseback			73,000				83,000
Stock compensation			-				11,000
Other			95,000				53,000
Net current deferred tax assets			174,000				152,000
Prepaids			(38,000	)			(34,000	)
Depreciation			(1,066,000	)			(883,000	)
Inventory			(507,000	)			(289,000	)
Net noncurrent deferred tax liability			(1,611,000	)			(1,206,000	)
Net deferred tax liability		$	(1,437,000	)		$	(1,054,000	)

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

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