11 - Income Taxes

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

The tax provision (benefit) for the years ended December 31, 2013 and 2012 consists of the following:

	December 31,
	2013			2012
Current		–			–
Deferred		–			(129,588	)
The components of the deferred tax assets (liability) as of:
Net operating loss carryforward	$	7,721,735		$	7,486,772
Stock base compensation		455,984			430,305
Executive compensation		40,200			40,200
Total Deferred tax Asset		8,217,919			7,957,277
Valuation allowance for Deferred tax asset		(8,217,919	)		(7,957,277	)
Deferred tax asset		–			–
Deferred tax liability:
Intangible Assets		–			(94,184	)
Sec 481c		–			–
Net deferred tax long term					(94,184	)
Net deferred tax	$	–		$	(94,184	)

As of December 31, 2013 and 2012, the Company generated a net operating loss carry forwards of approximately $23,000,000 available expiring 2013-2030.

The provision for income taxes reported for the year ended December 31, 2013 and 2012.

	December 31,
	2013			2012
Provision (benefit) for taxes using statutory rate	$	(340,791	)	$	(235,236	)
State taxes, net of federal tax benefit		102,543			12,838
Permanent differences:
Non-deductible expense		236,248			92,810
Provision (Benefit) for income taxes	$	2,000		$	(129,588	)*

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* included in Discontinued operations