Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Income Taxes

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Note 8 - Income Taxes
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
8.
Income Taxes
 
During the
three
months ended
March 31, 2020,
the Company recorded expense provision for income taxes of less than
$0.1
million. The income tax provision relates principally to the Company’s state and local taxes and foreign operations in Canada. During the
three
months ended
March 31, 2019,
the Company recorded expense provision for income taxes of
$0.1
million.
 
The Company’s realization of its deferred tax assets is dependent upon many factors, including, but 
not
 limited to, the Company’s ability to generate sufficient taxable income. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. Cumulative losses in recent years and
no
assurance of future taxable income are the basis for the Company’s assessment that the Company will 
not
 recognize the benefits of its federal and state deferred tax assets. Accordingly, the Company had a full valuation allowance for all deferred tax assets at
March 31, 2020
and
December 31, 2019.
 
On
March 27, 2020,
the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted in response to the COVID-
19
pandemic. The CARES Act, along with earlier issued IRS guidance, includes provisions related to refundable payroll tax credits, deferral of employer side social security payments, net operating loss carryback period, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. Due to the recent enactment of the CARES Act, we are currently assessing the potential effect of the CARES Act and the ongoing government guidance related to COVID-
19
on our financial position and results of operations, including effects from the qualified investment property deduction and other provisions of the CARES Act.