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Income Taxes
3 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

6. INCOME TAXES:

The Company’s overall effective tax rate on pre-tax income was different than the statutory rate of 21% due primarily to adjustments to the valuation allowances.

The Company has recorded a valuation allowance against all deferred tax assets as of March 31, 2019. Some or all of this valuation allowance may be reversed in future periods against future income.

On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted into law. As a result of the Tax Act, further clarifications and new regulations to the Tax Act continue to be issued at times. The Company will continue to monitor these new regulations and analyze their applicability and impact on the Company.