Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Income Taxes

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Note 9 - Income Taxes
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
Note
9:
Income Taxes
 
For the
three
and
six
months ended
June 30, 2017,
the Company recorded income tax expense of approximately
$3,000
and
$43,000,
respectively, with the difference due to state tax expense and a valuation allowance on the Company's deferred tax assets and the impact of certain permanent differences on taxable income.
 
For the
three
and
six
months ended
June 30, 2016,
the Company recorded income tax expense of approximately
$73,000
and
$118,000,
respectively, due to a revised estimate for the valuation allowance on the company’s deferred tax assets, as well as state tax expense as a result of current year state income taxes and a lower estimate of income tax refunds available through net operating loss (NOL) carrybacks.