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12. Income Taxes:
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
12. Income Taxes:

No tax benefit has been recognized for the loss in the three month periods ended March 31, 2016 and 2015 as the Company has fully offset the related deferred tax asset for the loss carry forward by a valuation allowance due to cumulative losses incurred by the Company and its subsidiaries during the prior three years.