XML 66 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
7. Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Income tax reconciliation

    2014     2013  
Federal tax (benefit) at statutory rate   $ (1,122,270 )   $ (368,614 )
Change in valuation allowance     1,122,900       342,174  
Other     (630     26,440  
Provision for income taxes, net   $ ––     $ ––  

Deferred taxes

    2014     2013  
Deferred tax assets (liabilities)            
Net operating loss carryforwards   $ 10,046,713     $ 7,836,904  
Accrued compensation     170,161       155,084  
Depreciation     14,282       13,185  
Stock-based compensation     434,740       375,678  
Accrued related party interest     ––       1,190,547  
Other     42,318       13,916  
Total     10,708,214       9,585,314  
Less:  Valuation allowance     (10,708,214 )     (9,585,314 )
Net deferred tax asset   $ ––     $ ––  

Operating loss tax carryforwards

Year of Expiration   Net Operating Losses  
2018   $ 1,425,000  
2019     1,234,000  
2020     2,849,000  
2021     4,168,000  
2023     1,217,000  
2024     646,000  
2025     589,000  
2026     873,000  
2027     2,607,000  
2028     2,512,000  
2029     2,196,000  
2030     1,232,000  
2031     1,028,000  
2032     437,000  
2033     37,000  
2034     6,499,000  
Total   $ 29,549,000