3. Income Taxes

The Company is reporting a book loss for the three months ended March 31, 2016 and 2015.  The Company reported a full valuation allowance against its net deferred U.S. income tax assets at March 31, 2016 and December 31, 2015.  All evidence and information available suggests that the Company will maintain the full valuation allowance in 2016.  Therefore, no income tax benefit was recorded for the three months ended March 31, 2016 U.S. pre-tax book loss. For the three months ended March 31, 2015, the $17 tax benefit relates to foreign taxes.