Income Taxes |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 | ||
| Income Tax Disclosure [Abstract] | ||
| Income Tax Disclosure [Text Block] |
Note 10. Income Taxes
For the three months ended March 31, 2018 and March 31, 2017, the Company recorded an income tax benefit of $24,000 and zero, respectively. Income taxes are provided for the tax effects of transactions reported in the unaudited condensed consolidated financial statements and consist of taxes currently due. Deferred taxes relate to differences between the basis of assets and liabilities for financial and income tax reporting which will be either taxable or deductible when the assets or liabilities are recovered or settled. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has established a full valuation allowance as it is more likely than not that the tax benefits will not be realized as of March 31, 2018. |