XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes:

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred income taxes are as follows:

		December 31,
		2016				2015
Deferred tax assets:
Net operating loss carryforwards		$	2,484,406			$	2,415,690
Start-up cost			289,843				320,338
Goodwill			672,754				738,927
Stock based compensation			614,790				669,761
Other			1,644				24
Deferred tax assets			4,063,436				4,144,741
Less valuation allowance			(4,063,436	)			(4,144,741	)
Net deferred tax assets after valuation allowance		$	—			$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory federal income tax rate to the effective income tax rate (benefit) follows:

Rate Reconciliation
		December 31,
		2016				2015
Federal income tax at statutory rate		$	(42,079	)		$	(145,056	)
State Tax			(4,493	)			(15,487	)
Permanent Differences			120				542
Other			127,755				93,730
Change in Valuation Allowance			(81,304	)			66,271
		$	—			$	—

Summary of Valuation Allowance

Valuation and Qualifying Accounts

Description		Balance at Beginning of Period				Charged to Cost and Expenses				Write-offs				Other Charges				Balance at End of Period
Deferred tax asset valuation allowance
Year ended December 31, 2016		$	4,144,741			$	(81,304	)		$	—			$	—			$	4,063,436
Year ended December 31, 2015		$	4,078,470			$	66,271			$	—			$	—			$	4,144,741

X

- References

No definition available.

+ Details

Name:	pwvi_IncomeTaxesAbstract
Namespace Prefix:	pwvi_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Valuation Allowance
-URI http://asc.fasb.org/extlink&oid=6528051

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration