| Deferred tax assets and liabilities |
As
of June 30, 2017 and December 31, 2016, the components of deferred income tax assets and deferred income tax liabilities consisted
of the following:
| |
|
June
30,
2017
|
|
|
December
31,
2016
|
|
| |
|
|
|
|
|
|
| Deferred
Income Tax Assets: |
|
|
|
|
|
|
| Warrants
Expense |
|
$ |
4,832,000 |
|
|
$ |
4,186,000 |
|
| Derivatives
Expense |
|
|
6,443,000 |
|
|
|
4,067,000 |
|
| Net
Operating Losses |
|
|
19,105,000 |
|
|
|
15,242,000 |
|
| |
|
|
|
|
|
|
|
|
| Deferred
Income Tax Liabilities: |
|
|
|
|
|
|
|
|
| Depreciation |
|
|
(1,818,000 |
) |
|
|
(1,334,000 |
) |
| |
|
|
|
|
|
|
|
|
| Total |
|
|
28,562,000 |
|
|
|
22,161,000 |
|
| Valuation
Allowance |
|
|
(28,562,000 |
) |
|
|
(22,161,000 |
) |
| |
|
|
|
|
|
|
|
|
| Net
Deferred Tax Liabilities |
|
$ |
|
|
|
$ |
|
|
|