Annual report pursuant to Section 13 and 15(d)

Income Taxes Disclosure: Schedule of Deferred Tax Assets and Liabilities (Policies)

v2.4.1.9
Income Taxes Disclosure: Schedule of Deferred Tax Assets and Liabilities (Policies)
12 Months Ended
Dec. 31, 2014
Policies  
Schedule of Deferred Tax Assets and Liabilities

 

 

December 31,

2014

 

December 31,

2013

Deferred Tax Assets:

 

 

 

  Net operating loss carry forward - Federal

$

2,851,493

$

1,876,666

  Net operating loss carry forward - State

 

343,854

 

 

191,386

  Contribution carry forward

 

199

 

 

188

  Stock-based compensation

 

196,495

 

126,245

Accrued liabilities and deferred rent

 

15,139

 

 

7,707

Amortization

 

272,507

 

 

42,380

    Total

 

3,679,687

 

2,244,572

Valuation allowance for deferred tax asset

 

(3,562,412)

 

(2,177,939)

Total deferred tax assets

 

117,275

 

66,633

 

 

 

 

 

 

Deferred Tax Liabilities:

 

 

 

 

 

  Deferred state taxes

 

--

 

--

  Depreciation

 

117,275

 

 

66,633

  Amortization

 

-

 

 

--

  Total deferred tax liability

 

117,275

 

66,633

    Net deferred tax asset

$

--

$

--