v2.4.0.8
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2013
Income Taxes Tables  
Reconciliation of the provision (benefit) for income taxes

A reconciliation of the provision (benefit) for income taxes with amounts determined by applying statutory U.S. income tax rate of 34% to income taxes is as follows:

 

    December 31,  
    2013     2012  
             
U.S. Federal Statutory tax at 34%   $ (1,221,531 )   $ (1,361,872 )
                 
State Taxes, net of federal benefit     299,640       (119,482 )
                 
Permanent differences     124,993       (82,877 )
                 
Valuation Allowance     796,898       1,564,231  
                 
Provision for income taxes   $ -     $ -  
Discontinued operations incurred a tax benefit

The Company's discontinued operations incurred a tax benefit of $328,080 and $9,121 for the years ended December 31, 2013 and 2012, respectively.

 

    December 31,  
    2013     2012  
                 
Net operating loss carried forward   $ 15,048,936     $ 14,271,799  
Depreciable assets     22,993       (1,040 )
Intangibles     -       (29,301 )
Allowance for doubtful accounts     220,214       283,252  
Other     37,454       7,988  
                 
      15,329,187       14,532,698  
Valuation Allowance     (15,329,187 )     (14,532,698 )
    $ -     $ -