XML 159 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 16 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

December 31, 2014

   

December 31, 2013

 

Federal statutory rate applied to (loss) before income taxes

  $ (1,685,418 )   $ (1,154,195 )

Increase/(decrease) in income taxes results from:

               

Current tax expense/(benefit)

    (19,537     94,122  

Non deductible expenses

    198,295       296,783  

Change in deferred assets

    64,449       71,274  

Change in valuation allowance

    1,422,674       786,138  
                 

Income tax expense/(benefit)

  $ (19,537   $ 94,122  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

December 31, 2014

   

December 31, 2013

 

Current tax expense/(benefit):

  $ (19,537   $ 94,122  

Deferred tax expense/(benefit):

               

Bad debt allowance

    (45,407 )     7,100  

Operating loss carryforward

    (1,441,716 )     (864,512 )

Amortization of intangibles

    5,482       -0-  

Patent litigation settlement

    58,967       71,274  
      (1,442,211 )     (692,016 )

Valuation allowance

    1,422,674       786,138  
                 

Total tax expense/(benefit)

  $ (19,537   $ 94,122  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

December 31, 2014

   

December 31, 2013

 

Amortization of intangibles

  $ 278,216     $ 283,698  

Bad debt allowance

    69,022       23,615  

Patent litigation liability accrual

    256,441       315,408  

Operating loss carryforwards

    19,662,198       18,220,482  

Gross deferred tax assets

    20,265,877       18,843,203  

Valuation allowance

    (20,265,877 )     (18,843,203 )
                 

Net deferred tax liability/(asset)

  $ -0-     $ -0-