INCOME TAXES	3 Months Ended
Mar. 31, 2017
INCOME TAXES
INCOME TAXES	NOTE 11 — INCOME TAXES At March 31, 2017 and December 31, 2016 we had deferred tax assets principally arising from the net operating loss carry-forwards for income tax purposes multiplied by an expected rate of 35%. As management of the Company cannot determine that it is more likely than not that we will realize the benefit of the deferred tax assets, a valuation allowance equal to the net deferred tax asset has been established at March 31, 2017 and December 31, 2016. As of March 31, 2017 and December 31, 2016, the Company had no unrecognized tax benefits. There was no change in the amount of unrecognized tax benefits as a result of tax positions taken during the year or in prior periods or due to settlements with taxing authorities or lapses of applicable statues of limitations. The Company and/or its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. The Company is no longer subject to U.S. Federal, state and local income tax examinations by tax authorities for years before 2013. The Company is open to federal and state tax audits until the applicable statutes of limitations expire.

INCOME TAXES

3 Months Ended

Mar. 31, 2017

NOTE 11 — INCOME TAXES

At March 31, 2017 and December 31, 2016 we had deferred tax assets principally arising from the net operating loss carry-forwards for income tax purposes multiplied by an expected rate of 35%. As management of the Company cannot determine that it is more likely than not that we will realize the benefit of the deferred tax assets, a valuation allowance equal to the net deferred tax asset has been established at March 31, 2017 and December 31, 2016.

As of March 31, 2017 and December 31, 2016, the Company had no unrecognized tax benefits. There was no change in the amount of unrecognized tax benefits as a result of tax positions taken during the year or in prior periods or due to settlements with taxing authorities or lapses of applicable statues of limitations.

The Company and/or its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. The Company is no longer subject to U.S. Federal, state and local income tax examinations by tax authorities for years before 2013. The Company is open to federal and state tax audits until the applicable statutes of limitations expire.