7. Income Taxes

3 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

The income tax provision consists of the following for the three months ended June 30, 2015 and 2014:

Current income tax expense	$	-		$	-
Deferred income tax (benefit) expense		(151,947	)		(17,381	)
Total income tax provision	$	(151,947	)	$	(17,381	)

The effective tax rate for the three months ended June 30, 2015 was 32% compared to an effective tax rate of (1039%) for the three months June 30, 2014. This rate for June 30, 2014 was the result of an increase in the statutory depletion carryforward.