ELECTRO SENSORS INC - 10-K filing on 2014-03-21

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Schedule Of Components Of The Income Tax Provision



		2013				2012

Current:
Federal		$	302			$	513
State			1				5
Deferred:
Federal			(47)				31
State			(24)				7
Total Federal and State Income Taxes		$	232			$	556

Schedule Of Effective Income Tax Rate Reconciliation



		2013				2012

Computed “Expected” Federal Tax Expense		$	319			$	560
Increase (Decrease) in Taxes Resulting From:
State Income Taxes, net of Federal Benefit			9				26
Credits			(70)				(16)
Domestic Production Activities Deduction			(18)				(20)
Permanent Differences			3				6
Rate Change for Deferred Taxes			(11)				0
Total Federal and State Income Taxes		$	232			$	556

Schedule Of Components Of The Net Deferred Tax Liability



		2013				2012

Deferred Tax Assets:
Vacation Accrual		$	27			$	26
Allowance for Doubtful Accounts			3				4
Stock Compensation			57				0
State Carryforward R&D Credit			12				0
Total Deferred Tax Assets		$	99			$	30

Deferred Tax Liabilities:
Prepaid Expenses		$	30			$	23
Depreciation			91				100
Net Unrealized Gain on Investments			1,000				1,362
Total Deferred Tax Liabilities		$	1,121			$	1,485

Net Deferred Tax Liability		$	(1,022)			$	(1,455)