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10. Income Taxes:
9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
10. Income Taxes:

No tax benefit has been recognized for the loss in the 2013 periods as the Company has provided a valuation allowance to fully reserve the related deferred tax asset as realization of such asset is not considered more likely than not due to cumulative losses incurred by the Company and its subsidiaries during the prior three years. The provision for income taxes in the 2012 periods represents a state tax assessment of $34,000 relating to years 2007, 2008 and 2009 based on a tax examination completed by New York state in 2012.