The interim financial statement provision (benefit) for income taxes is different from the amounts computed by applying the United States federal statutory income tax rate of 34%. In summary, the reasons for these differences are as follows:

	Three months ended March 31
	2017		2016

Income taxes (benefit) at U.S. statutory rate	$	187,000	$	(23,000)
Change in valuation allowance		(152,000)		-
State income taxes, net of federal benefit		10,000		14,000
Higher / (lower) effective taxes on earnings/losses in certain foreign countries		(34,000)		(11,000)
Foreign corporate income taxes		13,000		17,000
Other, net		3,000		(20,000)

	$	27,000	$	(23,000)