10.	income taxes:	As of December 31, 2015 the Company had deferred tax assets resulting primarily from net operating loss carry forwards of approximately $30,328,000, which are available to offset future taxable income, if any, through 2034. As utilization of the net operating loss carryforwards is not assured, a 100% valuation allowance has been provided.

		The components of the net deferred tax assets are as follows:

December 31,	2015		2014
Net operating loss carryforwards	$	10,312,000	$	10,180,000
Valuation allowance		(10,312,000)		(10,180,000)
Net deferred tax assets	$	- 0 -	$	- 0 -

The reconciliation of the effective income tax rate to the federal statutory rate are as follows:

Year ended December 31,	2015			2014
Federal statutory tax rate		34	%	34	%
Valuation allowance on net operating carryforwards		(34)		(34)
Effective income tax rate		- 0 -	%	- 0 -	%

As of December 31, 2015, open Federal income tax years subjected to examination, include the tax years ended December 31, 2014 through December 31, 2012.