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Income Taxes
3 Months Ended
Mar. 31, 2016
Income Taxes [Abstract]  
Income Taxes
Note 3 — Income Taxes

We had income tax expense of $7 for the three months ended March 31, 2016, as a result of minimum tax payments.  During the three month periods ended March 31, 2016, we had net operating losses ("NOLs") which generated deferred tax assets for NOL carry-forwards.  We provided valuation allowances against the net deferred tax assets including the deferred tax assets for NOL carryforwards.  Valuation allowances provided for our net deferred tax assets increased by approximately $3,342 for the three months ended March 31, 2016.
We had income tax expense of $2 for the three months ended March 31, 2015.  During the three month period ended March 31, 2015, we had net operating losses ("NOLs") which generated deferred tax assets for NOL carry-forwards. We provided valuation allowances against the net deferred tax assets including the deferred tax assets for NOL carry-forwards. Valuation allowances provided for our net deferred tax assets increased by approximately $2,214 for the three months ended March 31, 2015.
In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Based on the available objective evidence, management believes it is more likely than not that the net deferred tax assets at March 31, 2016 will not be fully realizable. Accordingly, management has maintained a valuation allowance against its net deferred tax assets at March 31, 2016. The valuation allowance carried against our net deferred tax assets was approximately $33,000 and $30,000 at March 31, 2016 and December 31, 2015, respectively.

At March 31, 2016, we have federal and state net operating loss carry-forwards of approximately $59,000 and $37,000, respectively, expiring beginning in 2027 and 2016, respectively.
 
Our tax years for 2005 and forward are subject to examination by the U.S. tax authority and various state tax authorities. These years are open due to net operating losses and tax credits remaining unutilized from such years.

Our policy is to recognize interest and penalties accrued on uncertain tax positions as a component of income tax expense. As of March 31, 2016, we had accrued immaterial amounts of interest and penalties related to the uncertain tax positions.