Annual report pursuant to Section 13 and 15(d)

TAX (Tables)

v2.4.1.9
TAX (Tables)
12 Months Ended
Dec. 31, 2014
Tax Tables  
Deferred tax assets and liabilities
      December 31,
2014
    December 31,
2013
 
Deferred income tax assets:            
  Allowance for bad debt   $ 21.000     $ -  
  Warrants expense     2,216,000       -  
  Derivatives expense     1,274,000       -  
  Net operating losses     3,227,000       70,700  
        6,738,747       70,700  
Valuation allowance     (6,738,000 )     (70,700 )
                   
Net deferred tax assets   $ -     $ -  
Effective tax rate
Effective Tax Rate   December 31,
2014
    December 31,
2013
 
Federal statutory     35.00 %     35.00 %
State and local, net of federal     5.84 %     5.84 %
Change in Valuation allowance     (40.84) %     (40.84) %
                 
Total effective tax rate     0.00 %     0.00 %