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Income Taxes
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

Note 4 - Income Taxes

 

For the three months ended March 31, 2014 and 2013, the Company recognized income tax expense of $15,823 and expense of $10,134, respectively.

 

The difference between the three months ended March 31, 2014 effective rate of 4.5% and the Federal statutory rate of 35.0% is primarily due to state income taxes (net of federal benefit), change in the valuation allowance, and an adjustment to the income tax receivable.

 

At March 31, 2014 management believes there are no uncertain tax liabilities.