Note 13 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schedule of Effective Income Tax Rate Reconciliation

The difference between the income tax benefit in the accompanying statements of operations and the amount that would result if the U.S. Federal statutory rate were applied to pre-tax loss for the years ended December 31, 2014 and 2013 is as follows:

	2014	2013
Income tax benefit at statutory rate	$2,427,600	$2,671,100
Services paid with common stock	(838,000)	(777,500)
Interest and amortization	(450,600)	(175,900)
Loss on settlement of debt	(207,300)	(388,400)
Loss on derivative	(183,700)	(733,000)
Related party accruals	(77,100)	(92,000)
Depreciation	(1,900)	14,200
Other	(2,800)	(3,600)
Change in valuation allowance	(666,200)	(514,900)
	$-	$-