3. INCOME TAXES	6 Months Ended
3. INCOME TAXES	Jun. 30, 2012
Income Tax Disclosure [Abstract]
Note 3. INCOME TAXES	The Company computes quarterly income taxes under the effective tax rate method based on applying an anticipated annual effective rate to its quarterly net income (loss), except for discrete items. Income taxes for discrete items are computed and recorded in the period that the specific transaction occurs. For the three and six months ended June 30, 2012, the Company’s overall effective tax rate on pre-tax income from operations used was 23.0% and 28.8%, respectively. Based on net income and losses for the three months and six months ended June 30, 2012 and 2011, the Company had an estimated income tax benefit of $90,000 for the three months ended June 30, 2012, an estimated income tax expense of $141,000 for the six months ended June 30, 2012 and an estimated income tax benefit of $175,202 and $316,580, respectively, for the three and six months ended June 30, 2011.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

VADDA ENERGY CORP 10-Q/A