XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
INCOME TAXES
6 Months Ended
Jun. 30, 2017
INCOME TAXES [Abstract]  
INCOME TAXES
6.
INCOME TAXES

The provision for income taxes for the three months ended June 30, 2017 and 2016 was less than $0.1 million, or 0.7% of pretax loss, and less than $0.1 million, or 1.6% of pretax loss, respectively.  The provision for income taxes for the six months ended June 30, 2017 and 2016 was $0.1 million, or 0.6% of pretax loss, and $0.1 million, or 1.1% of pretax loss, respectively.

The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to recover the existing deferred tax assets.  A significant piece of objective negative evidence was the cumulative losses incurred by the Company in recent years.  On the basis of this evaluation the realization of the Company’s deferred tax assets was not deemed to be more likely than not and thus the Company maintained a full valuation allowance on its net deferred tax assets as of June 30, 2017.