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Income Taxes (Tables) | 3 Months Ended
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Mar. 31, 2014
Income Taxes [Abstract] |
Summary of deferred tax asset (liabilities) |
|  | March 31, 2014 |  |  | December 31, 2013 |
Excess of Tax over book depreciation Fixed assets |  | $ | 87,578 |  |  | $ | 87,578 |
Excess of Tax over book depreciation Patents |  |  | 114,028 |  |  |  | 114,028 |
Net Operating Loss Carry forward |  |  | 2,254,812 |  |  |  | 1,642,598 |
Valuation Allowance |  |  | (2,456,418 | ) |  |  | (1,844,204 | )
Total Deferred Tax Asset (Liabilities) |  | $ | - |  |  | $ | - |
Reconciliation of income tax expense at the federal statutory rate |
|  | March 31, 2014 |  |  | March 31, 2013 |
Computed Tax at Expected Statutory Rate |  | $ | (144,858 | ) |  | $ | (135,684 | )
Non-US Income Taxed at Different Rates |  |  | 44,858 |  |  |  | 38,059 |
Non-Deductable expenses |  |  | - |  |  |  | 27,850 |
Valuation allowance |  |  | 100,000 |  |  |  | 69,775 |
Income Tax Expense |  | $ | - |  |  | $ | - |
Components of income tax expense (benefit) from continuing operations |
Current Tax Expense |  | 2013 |  |  | 2012 |
Danish Income Tax |  | $ | - |  |  | $ | - |
Total Current Tax Expense |  |  | - |  |  |  | - |
Deferred Income Tax Expense (Benefit) |  |  |  |  |  |  |  |
Excess of Tax over Book Depreciation Fixed Assets |  |  | - |  |  |  | - |
Excess of Tax over Book Depreciation Patents |  |  | - |  |  |  | - |
Net Operating Loss Carry forwards |  |  | (100,000 | ) |  |  | (69,775 | )
Change in the Valuation allowance |  |  | 100,0000 |  |  |  | 69,775 |
Total Deferred Tax Expense |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: 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 + Details
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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 + Details
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- 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
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