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3-Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Provision for Income Tax Expense

	2012		2011
Current:
Federal………………………………………………………….	$  624,000		$    585,000
State…………………………………………………………….	42,000		12,000
Deferred………………………………………………………….	171,000		14,000
	$  837,000		$  611,000

Schedule of Effective Income Tax Rate Reconciliation

	2012				2011
	Amount		%		Amount		%
Expected tax at U.S. Statutory rate…………	$  878,000		34. 0		$  634,000		34.0
Permanent differences………………………	(69,000)		(2.7)		(31,000)		(1.7)
State taxes, net of federal benefit………….	28,000		1.1		8,000		.4
Income tax expense…………………………	$  837,000		32.4		$  611,000		32.7

Schedule of Deferred Tax Assets and Liabilities

	2012		2011
Depreciation and amortization………………………………..	$  (952,275)		$  (785,275)
Inventory………………………………………………………..	274,826		285,516
Accrued vacation………………………………………………	89,785		88,045
Allowance for doubtful accounts……………………………..	51,450		48,000
Other, net……………………………………………………….	130		(1,370)
	416,191		420,191
	$  (536,084)		$  (365,084)

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: 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

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- 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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

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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

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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