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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets

 

 

2016

 

2015

 

Deferred tax assets:

     

 

 

 

 

 

 

Net operating loss carryforwards

 

$

16,432,788

 

$

16,922,143

 

Accrued expenses and reserves

 

 

203,045

 

 

196,607

 

Compensatory stock options and warrants

 

 

228,672

 

 

192,648

 

Capital Loss Carryover

 

 

 

 

 

Other

 

 

5,407

 

 

5,406

 

Total deferred tax assets

 

 

16,869,912

 

 

17,316,804

 

Valuation allowance

 

 

(16,869,912

)

 

(17,316,804

)

Net deferred tax assets

 

$

 

$

 

Schedule of Reconciliation of Income Taxes

 

 

2016

 

2015

 

 

   

 

 

    

 

 

 

Federal statutory taxes

 

 

(34.00

)%

 

 

(34.00

)%

 

State income taxes, net of federal tax benefit

 

 

(3.63

)

 

 

(3.63

)

 

Nondeductible items

 

 

0.72

 

 

 

0.72

 

 

Change in valuation allowance

 

 

36.91

 

 

 

36.91

 

 

 

 

 

%

 

 

%