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Income Taxes | 12 Months Ended
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Dec. 31, 2015
Income Taxes [Abstract] |
Income Taxes | Note 13. Income Taxes The components of the income tax provision for the years ended December 31, 2015 and 2014 are as follows:
|  | 2015 |  |  | 2014
Current: |  |  |  |  |  |  |
Federal |  | $ | 633 |  |  | $ | 540
State |  |  | 1 |  |  |  | 1
Deferred: |  |  |  |  |  |  |
Federal |  |  | (101) |  |  |  | (60)
State |  |  | (3) |  |  |  | (21)
Total Federal and State Income Taxes |  | $ | 530 |  |  | $ | 460
The provision for income taxes for the years ended December 31, 2015 and 2014 differs from the amount obtained by applying the U.S. federal income tax rate to pretax income due to the following:
|  | 2015 |  |  | 2014 |
Computed “Expected” Federal Tax Expense |  | $ | 601 |  |  | $ | 529 |
Increase (Decrease) in Taxes Resulting From: |  |  |  |  |  |  |  |
State Income Taxes, net of Federal Benefit |  |  | 10 |  |  |  | 10 |
Credits |  |  | (43) |  |  |  | (47) |
Domestic Production Activities Deduction |  |  | (22) |  |  |  | (17) |
Permanent Differences |  |  | 5 |  |  |  | 4 |
Other |  |  | (21) |  |  |  | (19) |
Total Federal and State Income Taxes |  | $ | 530 |  |  | $ | 460 |
The components of the net deferred tax asset (liability) consist of:
|  | 2015 |  |  | 2014 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Vacation Accrual |  | $ | 34 |  |  | $ | 33 |
Allowance for Doubtful Accounts |  |  | 3 |  |  |  | 4 |
Stock Compensation |  |  | 102 |  |  |  | 80 |
Bonus |  |  | 10 |  |  |  | 0 |
Depreciation and Amortization |  |  | 1 |  |  |  | 0 |
Net Unrealized Loss on Investments |  |  | 21 |  |  |  | 0 |
State Carryforward R&D Credit |  |  | 46 |  |  |  | 31 |
Total Deferred Tax Assets |  | $ | 217 |  |  | $ | 148 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Prepaid Expenses |  | $ | 33 |  |  | $ | 35 |
Depreciation and Amortization |  |  | 0 |  |  |  | 54 |
Net Unrealized Gain on Investments |  |  | 0 |  |  |  | 450 |
Total Deferred Tax Liabilities |  | $ | 33 |  |  | $ | 539 |
Net Deferred Tax Asset (Liability) |  | $ | 184 |  |  | $ | (391) |
Deferred assets and liabilities are reported on the balance sheet as follows:
|  | 2015 |  |  | 2014
Deferred Tax Assets: |  |  |  |  |  |  |
Current |  | $ | 14 |  |  |  | 0
Long-term |  |  | 170 |  |  |  | 0
Total Deferred Tax Assets |  | $ | 184 |  |  | $ | 0
Deferred Tax Liabilities: |  |  |  |  |  |  |
Long-term |  | $ | 0 |  |  | $ | 391
The Company is subject to the following material taxing jurisdictions: U.S. and Minnesota. The tax years that remain open to examination by the Internal Revenue Service and state jurisdictions are 2012 through 2015. We have no accrued interest or penalties related to uncertain tax positions as of January 1, 2015 or December 31, 2015 and uncertain tax positions are not significant.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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