Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.7.0.1
INCOME TAXES (Tables)
 3 Months Ended
Mar. 31, 2017
Income Taxes Tables  
Deferred tax assets and liabilities

   

March 31,

2017

    

December 31,

2016

  
             
Deferred Income Tax Assets:            
Allowance for Bad Debt   $ –     $ –  
Warrants Expense     4,523,171       4,186,000  
Derivatives Expense     5,958,719       4,067,000  
Net Operating Losses     16,763,194       15,242,000  
                 
Deferred Income Tax Liabilities:                
Depreciation     (1,467,893 )     (1,334,000 )
                 
Total     25,777,191       22,161,000  
Valuation Allowance     (25,777,191 )     (22,161,000 )
                 
Net Deferred Tax Liabilities   $ –     $ –