Income Taxes

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes     

The following table shows the Company's effective income tax rate for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016			2015
Income before provision for income taxes	$	317,599		$	5,260,777
Income tax expense	$	(54,988	)	$	(1,933,000	)
Effective tax rate	17.3		%	36.7		%

The decrease in the Company's effective tax rate for the three months ended March 31, 2016 was primarily due to the impact of certain tax credits on the lower income before taxes in the quarter.