Income Taxes

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Note 2. INCOME TAXES

2. INCOME TAXES

The Company has substantial U.S. net operating loss carryforwards that will expire in 2023 through 2033. These carryforwards are subject to certain limitations on annual utilization and in the event of a change in ownership, as defined by tax law. See Note 2 to the Company's financial statements in its Form 10-K for the year ended December 31, 2014.

The Company's income tax returns remain subject to examination for the years 2011 through 2014 for federal and state purposes.