Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes Tables

Net deferred tax assets (liabilities)

	December 31, 2015			December 31, 2014
Gross deferred tax assets:
Net operating loss carry-forwards	$	9,099,986		$	7,761,239
Stock based expenses		1,094,424			1,133,147
Tax credit carry-forwards		363,607			390,560
Capital loss carry-forwards & unrealized losses on investments		462,128			350,547
Long lived assets		129,204			33,866
		11,149,349			9,669,359
Deferred tax asset valuation allowance		(11,149,349	)		(9,669,359	)
Net deferred tax asset	$	-		$	-

Reconciliation of federal statutory income tax rate to our effective income tax rate

	December 31, 2015			December 31, 2014
Income taxes benefit (expense) at statutory rate	34.00		%	34.00		%
State income tax, net of federal benefit		(5.94	)%		(5.94	)%
Permanent differences
Meals & entertainment		(0.1	)%		(0.01	)%
Share-based compensation & Warrant adjustments		2.56	%		6.65	%
Change in valuation allowance		(30.62	)%		(34.61	)%
		0	%		0	%