Annual report pursuant to Section 13 and 15(d)

NOTE 17 - INCOME TAXES (Tables)

v2.4.1.9
NOTE 17 - INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Deferred Tax

   

   

At

December 31,
    2014   2013
Deferred tax assets:        
Net operating losses   $ 1,927,502     $ 1,698,286  
Allowance for bad debts     —         2,066  
Stock options     —         6,167  
Capital loss carryover     —         —    
Common Stock for Services     —         —    
Deferred revenue     —         —    
Valuation allowance     (1,927,502 )     (1,691,298 )
Net deferred tax assets   $ —       $ 15,221  
                 
Total deferred tax liabilities     —         (15,221 )
Total net deferred taxes   $ —       $ —    

 

 
Income Tax (loss) - Federal statutory rate

 

         
   

Year ended

December 31,
    2014   2013
         
Income tax expense (benefit) at federal statutory rate     (34.00 )%     (34.00 )%
State taxes, net of federal benefit     (3.63 )%     (3.63 )%
Nondeductible items     (5.5 )%     (93.37 %
Changes in valuation allowance     32.1 %     131.00 %
      0.00 %     0.00 %