Annual report pursuant to Section 13 and 15(d)

NOTE 11 - INCOME TAXES (Tables)

v3.3.1.900
NOTE 11 - INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Difference between income taxes at effective statutory rate and provision for income taxes
                 
    Years Ended December 31,  
    2015     2014  
Income tax benefit at U.S. statutory rate of 34%   $ (790,823 )   $ (716,385 )
State income taxes     (83,734 )     (75,853 )
Non-deductible expenses     722,740       148,876  
Change in valuation allowance     151,817       643,362  
Total provision for income tax   $     $  
Net deferred tax assets
                 
    December 31,  
    2015     2014  
Deferred Tax Assets:                
Net operating loss carryforward   $ 4,602,442     $ 4,413,962  
Intangible assets     214,206       250,869  
      4,816,648       4,664,831  
Valuation allowance     (4,816,648 )     (4,664,831 )
Net deferred tax assets   $     $