Annual report pursuant to section 13 and 15(d)

VALUATION AND QUALIFYING ACCOUNTS

v2.4.0.6
VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2012
VALUATION AND QUALIFYING ACCOUNTS [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS
ARABIAN AMERICAN DEVELOPMENT COMPANY AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS
 
Three years ended December 31, 2012

Description
  
Beginning
balance
    
Charged
(credited)
to earnings
    
Deductions
    
Ending
balance
  
ALLOWANCE FOR DEFERRED TAX ASSET
                       
                         
December 31, 2010
     2,224,508       -       (1,109,090 )     1,115,418  
December 31, 2011*
     1,115,418       -       11,930       1,127,348  
December 31, 2012
     1,127,348       -       (34,146 )     1,093,202  
*Restated – See Note 2

Description
  
Beginning
balance
    
Charged
to earnings
    
Deductions
    
Ending
balance
  
ALLOWANCE FOR DOUBTFUL ACCOUNTS
                       
                         
December 31, 2010
     126,500       28,500       -       155,000  
December 31, 2011
     155,000       55,000       -       210,000  
December 31, 2012
     210,000       -       -       210,000