Quarterly report pursuant to Section 13 or 15(d)

DEFERRED TAX EXPENSE (Tables)

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DEFERRED TAX EXPENSE (Tables)
 9 Months Ended
Sep. 30, 2015
Deferred Tax Expense Tables  
Deferred tax assets and liabilities
    September 30,
2015 		    December 31,
2014 		 
Deferred income tax assets:            
Allowance for bad debt   $ 81,000     $ 21,000  
Warrants expense     3,256,000       2,216,000  
Derivatives expense     738,000       1,274,000  
Net operating losses     4,454,000       3,227,000  
      8,529,000       6,738,000  
Deferred income tax liabilities:                
Depreciation      (105,000 )       -  
                 
Total      8,424,000        6,738,000  
Valuation allowance     (8,424,000 )     (6,738,000 )
                 
Net deferred tax assets   $ -     $ -