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Income Taxes
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

Note 4 - Income Taxes

 

For the three months ended September 30, 2014 and 2013, the Company recognized income tax expense of $18,144, and expense of $73,608, respectively.

 

For the nine months ended September 30, 2014, the Company recognized income tax expense of $97,349, and for the nine months ended September 30, 2013, the Company recognized an income tax benefit of $110,606.

 

The difference between the nine months ended September 30, 2014 effective rate of 48.64% and the Federal statutory rate of 35.0% is primarily due to state and foreign income taxes (net of federal benefit), change in the valuation allowance, and an adjustment to the income tax receivable.

 

At September 30, 2014 management believes there are no uncertain tax positions.