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Income Taxes | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Income Taxes | NOTE M — INCOME TAXES Due to Milestone’s history of past operating losses, which required a full valuation allowances for all of Milestone’s deferred tax assets at December 31, 2014 and 2013, no recognition was given to the utilization of the remaining net operating loss carryforwards. Deferred tax attributes resulting from differences between financial accounting amounts and tax bases of assets and liabilities at December 31, 2014 and 2013 are as follows:
|  | 2014 |  |  | 2013 |
Current Assets |  |  |  |  |  |  |  |
Allowance for doubtful accounts-short term |  | $ | 2,000 |  |  | $ | 2,000 |
Inventory allowance |  |  | - |  |  |  | - |
Warranty reserve |  |  | 12,000 |  |  |  | 10,000 |
Impairment of Germany Investment |  |  | - |  |  |  | 31,000 |
Deferred officers compensation |  |  | 392,000 |  |  |  | 725,000 |
Subtotal |  |  | 406,000 |  |  |  | 768,000 |
Valuation allowance |  |  | (406,000 | ) |  |  | (768,000 | )
Current deferred tax asset |  | $ | - |  |  | $ | - |
Non-current assets |  |  |  |  |  |  |  |
Allowance for doubtful accounts-long term |  | $ | - |  |  | $ | - |
Net operating loss carryforward |  |  | 15,686,000 |  |  |  | 14,855,000 |
Subtotal |  |  | 15,686,000 |  |  |  | 14,855,000 |
Valuation allowance |  |  | (15,686,000 | ) |  |  | (14,855,000 | )
Non-current deferred tax asset |  | $ | - |  |  | $ | - |
As of December 31, 2014 and 2013, Milestone has federal net operating loss carryforwards of approximately $ 46,379,000 and $43,596,000, respectively that will be available to offset future taxable income, if any, through December 2032. Milestone has state net operating losses of $ 2,968,000 and $515,000 in 2014 and 2013, respectively, expiring through December 2030.The utilization of Milestone’s net operating losses may be subject to a substantial limitation due to the “change of ownership provisions” under Section 382 of the Internal Revenue Code and similar state provisions. Such limitation may result in the expiration of the net operating loss carry forwards before their utilization. Milestone has established a 100% valuation allowance for all of its deferred tax assets due to uncertainty as to their future realization. A reconciliation of the statutory tax rates for the years ended December 31, is as follows:
|  | 2014 |  |  | 2013 |
Statutory rate |  |  | (34 | )% |  |  | (34 | )%
State income tax - all states |  |  | (6 | )% |  |  | (6 | )%
|  |  | (40 | )% |  |  | (40 | )%
Current year valuation allowance |  |  | 40 | % |  |  | 40 | %
Benefit for income taxes |  |  | 0 | % |  |  | 0 | %
Accounting for Uncertain Tax Positions: Milestone follows the Income Taxes Topic of the FASB Accounting Standards Codification, which provides clarification on accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. At December 31, 2014, no significant income tax uncertainties have been included in Milestone’s Balance Sheets. Milestone’s policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the Statements of Operations. No interest and penalties are present for periods open. Tax returns for the 2011, 2012, and 2013 years are subject to audit by federal and state jurisdictions.

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- 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
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