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Note 11 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2013
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

2013

2012

 

 

 

Income tax benefit at statutory rate

$2,671,100

$427,813

Services paid with common stock

(777,500)

(183,544)

Interest and amortization

(175,900)

(27,071)

Loss on settlement of debt

(388,400)

-

Loss on derivative

(733,000)

-

Related party accruals

(92,000)

-

Depreciation

14,200

-

Other

(3,600)

(19)

Change in valuation allowance

(514,900)

(217,179)

 

 

 

 

-

-