
7.			INCOME TAXES

		Earliest Exam Year

Taxing Authority Jurisdiction:
U.S. Federal		2013
Various U.S. States		2012
Puerto Rico (U.S. Territory)		2011
Canada		2011

We do not believe we have any uncertain tax positions. In the third quarter of 2017, we chose to utilize an existing net operating loss (NOL) recognized as a tax receivable in the fourth quarter of 2016 and first quarter of 2017 to reduce 2017 estimated tax payments. This change in tax strategy from an NOL carryback to an NOL carryforward resulted in a reclassification of $901,365 from tax receivable to a deferred tax asset, which has been netted against our deferred tax liability on the balance sheet at September 30, 2017.

Our policy is to accrue interest and penalties on any uncertain tax position as a component of income tax expense. For the three and nine months ended September 30, 2017, no such expenses were recognized.

We provided for income taxes at an estimated effective tax rate of 34.0% for the three and nine month periods ended September 30, 2017 and 2016, respectively.