INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes Tables

Summary of deferred tax assets

Deferred tax assets are comprised of the following at December 31:

	2013			2012
Net operating loss carryforward	$	10,744,000		$	10,100,000
Temporary differences		5,748,000			5,621,000
Less valuation allowance		(16,492,000	)		(15,721,000	)
Deferred tax asset, net		-			-

Provision for income taxes differs from amount computed by applying U.S. federal statutory tax rate

For December 31, 2013 and 2012, the provision for income taxes differs from the amount computed by applying the U.S. federal statutory tax rate (34% in 2013 and 2012) to income taxes as follows:

	2013			2012
Tax benefit computed at 34%	$	127,000		$	344,000
Change in valuation allowance		(771,000	)		(892,000	)
Change in carryovers and tax attributes		644,000			548,000
Income tax provision		-			-