10. Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

10. Income Taxes

Note 10 – Income Taxes

The components of the provision for income taxes are as follows:

	Year ended December 31,
	2014			2013
Current tax provision
Federal	$	(775,545	)	$	—
State		(100,938	)		—
		(876,483	)		—
Deferred tax provision
Federal		775,545			—
State		100,938			—
		876,483			—
	$	—		$	—

The components of net deferred tax assets and liabilities are as follows:

	Year ended December 31,
	2014			2013
Current deferred tax asset (liability):
Inventory reserve	$	66,000		$	—
Warranty reserve		7,109			—
Net operating loss carryforward		876,483			—
Valuation allowance		(949,592	)		—
		—			—
Long-term deferred tax asset (liability)
Long-lived assets		136,132			—
Valuation allowance		(136,132	)		—
		—			—
Net deferred tax asset (liability)	$	—		$	—

A reconciliation of our income tax provision and the amounts computed by applying statutory rates to income before income taxes is as follows:

	Year ended December 31,
	2014			2013
Income tax benefit at statutory rate	$	(1,262,519	)	$	—
State income tax, net of Federal benefit		(113,471	)		—
Change from LLC to C Corp		284,869			—
Other		5,477			—
Valuation allowance		1,085,644			—
	$	—		$	—