Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Current and non-current deferred income tax assets
                 
    2012     2011  

Net current deferred income tax asset:

               

Allowance for doubtful accounts

  $ 1,151,100     $ 830,000  

Accrued expenses

    305,500       222,700  
   

 

 

   

 

 

 
     

Subtotal

    1,456,600       1,052,700  
     

Less valuation allowance

    (1,456,600     (1,052,700
   

 

 

   

 

 

 
     

Total

  $ —       $ —    
   

 

 

   

 

 

 
     

Net non-current deferred income tax asset:

               

Net operating loss carry-forwards

  $ 2,752,200     $ 3,298,400  

Accumulated depreciation and amortization

    (1,243,500     (344,600
   

 

 

   

 

 

 

Subtotal

    1,508,700       2,953,800  

Less valuation allowance

    (1,508,700     (2,953,800
   

 

 

   

 

 

 

Total

  $ —       $ —