Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v2.4.0.8
INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2014
INCOME TAXES [Abstract]  
Income tax expense provision
The income tax provision for the three and nine months ended September 30, 2014 and 2013 consists of the following:

   
Three Months Ended
September 30,
   
Nine Months Ended
September 30,
 
   
2014
   
2013
   
2014
   
2013
 
Current Income Taxes
  $ -     $ -     $ -     $ 4,614  
Deferred Income Taxes
                               
         Federal
    32,562,000       956,000       33,797,000       19,925,000  
         State
    2,488,000       72,000       2,603,000       1,333,000  
Total Provision
  $ 35,050,000     $ 1,028,000     $ 36,400,000     $ 21,262,614