Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Income Taxes

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Note 9 - Income Taxes
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
9.
         Income Taxes
 
No
provision for income taxes has been recorded due to the net operating losses incurred from inception to date, for which
no
benefit has been recorded.
 
For interim periods, the Company estimates its annual effective income tax rate and applies the estimated rate to the year-to-date income or loss before income taxes. The Company also computes the tax provision or benefit related to items reported separately and recognizes the items net of their related tax effect in the interim periods in which they occur. The Company also recognizes the effect of changes in enacted tax laws or rates in the interim periods in which the changes occur.
 
The Company’s effective tax rate is
0
%
for the
three
and
six
months ended
June 30, 2017
and
2016.
The Company expects that its effective tax rate for the full year
2017
will be
0%.