Annual report pursuant to Section 13 and 15(d)

6. Income Taxes (Tables)

v2.4.1.9
6. Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Deferred tax assets and deferred tax liabilities
    December 31,  
Current deferred taxes   2014     2013  
          Inventories   $ 19,640     $ 19,640  
          Other accruals     21,818       23,050  
          Less: valuation allowance     (41,458 )     (42,690 )
                   Total current deferred tax assets   $ -     $ -  
Long term deferred taxes:                
Accelerated tax depreciation   $ 12,162     $ 29,511  
Non-cash, stock-based compensation, nonqualified     440,614       387,708  
Goodwill and intangibles     -       (14,337 )
Operating loss carry forwards and tax credits     9,720,260       8,938,681  
Less: valuation allowance     (10,173,036 )     (9,341,563 )
Total long term deferred tax assets (liabilities), net     -       -  
Total net deferred tax liabilities   $ -     $ -  
Effective income tax (benefit) provision rate

    2014     2013  
Federal tax provision rate     34 %     34 %
Permanent differences     (2 ) %     (3 ) %
State tax expense     0 %     0 %
Refundable AMT and R&D tax credit     0 %     0 %
Net operating loss carry back     0 %     0 %
Valuation allowance     (32 ) %     (31 ) %
Effective income tax provision     0 %     0 %