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2 Income Taxes	12 Months Ended
Dec. 31, 2014
Notes to Financial Statements
INCOME TAXES	2. INCOME TAXES At December 31, 2014, the Company had U.S. net operating loss carryforwards of approximately $15 million that will expire commencing in 2023 through 2033. These carryforwards may be subject to certain limitations on annual utilization in the event of a change in ownership, as defined by tax law. The Company has established valuation allowances to fully offset the deferred income tax assets related to these loss carryforwards, based upon the available evidence that indicates that it is more likely than not that the Company will not realize the tax benefits. The Company's income tax returns remain subject to examination for the years 2011 through 2014 for federal and state purposes.

2 Income Taxes

12 Months Ended

Dec. 31, 2014

2. INCOME TAXES

At December 31, 2014, the Company had U.S. net operating loss carryforwards of approximately $15 million that will expire commencing in 2023 through 2033. These carryforwards may be subject to certain limitations on annual utilization in the event of a change in ownership, as defined by tax law. The Company has established valuation allowances to fully offset the deferred income tax assets related to these loss carryforwards, based upon the available evidence that indicates that it is more likely than not that the Company will not realize the tax benefits. The Company's income tax returns remain subject to examination for the years 2011 through 2014 for federal and state purposes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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