Replies to post #3283 on Mikros Systems Corp. (fka MKRS)

[bigpike]

Wow, they need to look at reducing tax rate.

At March 31, 2017, the Company estimated its annual effective tax rate for 2017 to be 49.3%. The Company recognized a tax expense of $87,775 for the three months ended March 31, 2017 primarily due to expected net income for the remainder of 2017. At March 31, 2017, the difference from the expected federal income tax rate is attributable to state income taxes and certain permanent book-tax differences.