Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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INCOME TAXES
9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

Income tax for the three months ended September 30, 2017 and 2018 was a benefit of $16,000 and $11,000, respectively. Income tax for the nine months ended September 30, 2017 and 2018 was a benefit of $40,000 and $19,000, respectively. The effective tax rate for the three months ended September 30, 2017 and 2018 and nine months ended September 30, 2017 and 2018 differed from the statutory rate primarily due to the valuation allowance recorded against the Company’s deferred tax assets.