Quarterly report pursuant to Section 13 or 15(d)

DEFERRED TAX EXPENSE (Tables)

v2.4.1.9
DEFERRED TAX EXPENSE (Tables)
 3 Months Ended
Mar. 31, 2015
Deferred Tax Expense Tables  
Deferred tax assets and liabilities

The components of deferred tax assets and liabilities are as follows:

 

      March 31,
2015 		    December 31,
2014 		 
Deferred income tax assets:                
  Allowance for bad debt   $ 44,000     $ 21,000  
  Warrants expense     2,317,000       2,216,000  
  Derivatives expense     1,192,000       1,274,000  
  Net operating losses     3,350,000       3,227,000  
        6,903,000       6,738,000  
Valuation allowance     (6,903,000 )     (6,738,000 )
                   
Net deferred tax assets   $ -     $ -