Schedule of Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Income Taxes

Schedule of Components Of Income Tax Expense (Benefit)

The provision (benefit) for income taxes for the years ended December 31, 2016 and 2015 consist of the following:

		2016		2015
Current:
Federal	$	-	$	-
State		10,400		3,163
		10,400		3,163
Deferred:
Federal		237,100		364,700
State		61,800		83,000
Change in valuation		(298,900)		(447,700)
Total provision (benefit)	$	10,400	$	3,163

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision (benefit) differs from the amount computed by applying the US federal income tax rate of 34% to net income (loss) before income taxes for the years ended December 31, 2016 and 2015 as a result of the following:

		2016		2015
Net income (loss) before taxes	$	(802,341)	$	(761,632)
US federal income tax rate		34%		34%
Computed expected tax provision (benefit)		(272,796)		(258,955)
Permanent differences and other		35,696		(105,745)
Change in valuation		237,100		364,700
Federal income tax provision	$	-	$	-

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred income tax assets as of December 31, 2016 and 2015 after applying enacted corporate income tax rates are as follows:

		2016		2015
Net Operating Losses carried forward	$	2,249,800	$	1,967,000
Deferred officer bonus and other		204,800		118,700
Valuation allowance		(2,454,600)		(2,155,700)
	$	-	$	-