INCOME TAXES

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

NOTE 4 - INCOME TAXES

EnerTeck has incurred net losses since the merger with Gold Bond and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative operating loss carry-forward is approximately $20,303,000 at December 31, 2015, and expires beginning in 2023.

Deferred income taxes consist of the following at December 31, 2015 and 2014:

	2015			2014
Assets:
Net operating loss carryforwards	$	7,118,000		$	6,684,000
Other asset differences		85,000			124,000
Deferred compensation costs and other		1,535,000			1,335,000
Valuation allowance		(8,738,000	)		(8,143,000	)
	$	0		$	0

The change in the valuation allowance for the years ended December 31, 2015 and 2014, was $595,000 and $915,000, respectively.