10. Income Taxes

12 Months Ended

Dec. 31, 2015

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,
	2015			2014
Current tax provision
Federal	$	(941,497	)	$	(775,545	)
State		(122,690	)		(100,938	)
		(1,064,187	)		(876,483	)
Deferred tax provision
Federal		941,497			775,545
State		122,690			100,938
		1,064,187			876,483
	$	—		$	—

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

	Year ended December 31,
	2015			2014
Current deferred tax asset (liability):
Inventory reserve	$	60,794		$	66,000
Warranty reserve		7,148			7,109
Net operating loss carryforward		1,940,670			876,483
Valuation allowance		(2,008,612	)		(949,592	)
		—			—
Long-term deferred tax asset (liability)
Long-lived assets		124,515			136,132
Valuation allowance		(124,515	)		(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,
	2015			2014
Income tax benefit at statutory rate	$	(1,018,511	)	$	(1,262,519	)
State income tax, net of Federal benefit		(91,540	)		(113,471	)
Change from LLC to C Corp		—			284,869
Amortization of debt discount		55,884			—
Other		6,765			5,477
Valuation allowance		1,047,402			1,085,644
	$	—		$	—