XML 64 R14.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | Note 6 - Income Taxes Through December 31, 2014, the Company incurred net operating losses for federal tax purposes of approximately $20,100,000. The net operating loss carry forward may be used to reduce taxable income through the years 2028 to 2034. The availability of the Company's net operating loss carry forward is subject to limitation if there is a 50% or more change in the ownership of the Company's stock. A reconciliation of the expected tax computed at the statutory federal income tax rate to the provision for income taxes is as follows:
|  | 2014 |  | 2013 |
Expected tax benefit at 34% |  | $ | (2,481,000) |  | $ | (1,797,000) |
Change in valuation allowance |  |  | 2,390,000 |  |  | 1,615,000 |
Other |  |  | 91,000 |  |  | 182,000 |
Provision for income taxes |  | $ | - |  | $ | - |
The net deferred tax asset at December 31, 2014 and 2013 was $7,080,000 and $4,690,000, respectively. A 100% valuation allowance has been established against the deferred tax assets as the utilization of the loss carry forward cannot reasonably be assured. Significant components of the deferred tax assets (liabilities), computed at the statutory federal tax rate of 34%, are approximately as follows:
|  | 2014 |  | 2013 |
Net operating loss carry forwards |  | $ | 6,850,000 |  | $ | 4,780,000 |
Accrued liabilities |  |  | 310,000 |  |  | 30,000 |
Stock compensation |  |  | (20,000) |  |  | (30,000) |
Depreciation |  |  | (40,000) |  |  | (80,000) |
Prepaid expenses |  |  | (30,000) |  |  | (20,000) |
Other |  |  | 10,000 |  |  | 10,000 |
Deferred tax assets, net |  |  | 7,080,000 |  |  | 4,690,000 |
Valuation allowance |  |  | (7,080,000) |  |  | (4,690,000) |
Net deferred tax asset |  | $ | - |  | $ | - |
Although the Company is not under examination, the tax years for 2011 and forward are subject to examination by United States tax authorities. The Company’s practice is to recognize interest and penalties related to income tax matters in income tax expense. As of December 31, 2014 and 2013, there was no accrued interest or penalties related to uncertain tax positions.

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: 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 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration