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INCOME TAXES
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Note 2 - Income Taxes

At March 31, 2014, we had net operating loss carry-forwards for Federal income tax purposes of approximately $9,600,000 which were available to offset future Federal taxable income, if any, through 2031. These net operating loss carry forwards are subject to an annual limitation of approximately $1,000,000. Utilization of these loss carryforwards is subject to further limitation as a result of change in ownership of the Company, as defined by Federal tax law.

 

The Company’s income tax returns remain subject to examination for the years 2010 through 2013 for federal and state purposes.