Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following at December 31:

	2015	2014
Net operating loss carry forwards	$2,683,900	$1,633,500
Related party accrued expenses	348,000	281,000
Depreciation	(16,100)	(10,900)
Other	5,100	3,400
	3,020,900	1,907,000
Valuation allowance	(3,020,900)	(1,907,000)
Net deferred taxes	$-	$-

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, 2015 and 2014 is as follows:

	2015	2014
Income tax benefit at statutory rate	$4,644,600	$2,427,600
Services paid with common stock	(143,800)	(838,000)
Interest and amortization	(486,100)	(450,600)
(Gain) loss on settlement of debt	35,600	(207,300)
Loss on derivative	(2,894,800)	(183,700)
Related party accruals	(67,000)	(77,100)
Depreciation	(100)	(1,900)
Other	(2,000)	(2,800)
Change in valuation allowance	(1,086,400)	(666,200)
	~	~