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9. Income Taxes (Tables)

15 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Components of Deferred Tax Assets

Net operating loss carryforward		$	(199,000	)		$	(18,000	)
Gross Deferred Tax Assets			(199,000	)			(18,000	)
Less Valuation Allowance			199,000				18,000
Total Deferred Tax Assets - Net		$	—			$	—

Tax Expense - Difference from Expected

Computed "expected" tax expense (benefit) - Federal		$	(875,000	)		$	(16,000	)
Computed "expected" tax expense (benefit) - State - Georgia			(102,000	)			(2,000	)
Derivative expense			439,000				—
Loss on debt extinguishment			5,000				—
Gain on debt forgiveness			38,000
Share based payments			286,000				—
Amortization of patent			1,000				—
Amortization of debt Issue costs			5,000				—
Amortization of debt discount			35,000				—
Change in value of derivitive liability			(13,000	)			—
Change in valuation allowance			181,000				18,000
		$	—			$	—

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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