Income Taxes |
9 Months Ended | |||
|---|---|---|---|---|
Oct. 31, 2011 | ||||
| Income Taxes [Abstract] | ||||
| Income Taxes |
For the three and nine months ended October 31, 2010 the Company recorded no income tax expense. For the three and nine months ended October 31, 2011 the Company recorded income tax expense of approximately $23,000 and $66,000, respectively. The effective tax rate for the nine months ended October 31, 2011 was less than one percent based on the estimated tax loss for the fiscal year. The Company recorded tax expense for state minimum, capital and gross receipts taxes. There were no material changes to the unrecognized tax benefits in the three and nine months ended October 31, 2011 and the Company does not expect significant changes to unrecognized tax benefits through the end of the fiscal year. Because of the Company's history of tax losses, all years remain open to tax audit. |