v2.4.0.6

Condensed Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Allowance for doubtful accounts (in Dollars)	$ 218,787	$ 209,666
Common stock, par value (in Dollars per share)	$ 0.05	$ 0.05
Common stock, shares authorized (in Shares)	12,500,000	12,500,000
Common stock, shares issued (in Shares)	1,416,587	1,416,587
Common stock, shares outstanding (in Shares)	1,416,587	1,416,587

A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.

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Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.

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The maximum number of common shares permitted to be issued by an entity's charter and bylaws.

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Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.

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Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

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TEXAS VANGUARD OIL CO 10-Q