Income Taxes

3 Months Ended

Mar. 31, 2018

Income Taxes [Abstract]

Income Taxes

Note 8. Income Taxes

A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and income tax benefit is as follows:

	Three Months Ended March 31,
	2018			2017
Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively	$	(1,334	)	$	(121	)
Dividends-received deduction		(10	)		(24	)
Other permanent differences		17			19
Income tax benefit	$	(1,327	)	$	(126	)

The components of income tax benefit were:

	Three Months Ended March 31,
	2018			2017
Current – Federal	$	36		$	-
Deferred – Federal		(1,363	)		(126	)
Total	$	(1,327	)	$	(126	)