5. Income Taxes

The Company has a net operating loss carried forward of $3,345,317 available to offset taxable income in future years which commence expiring in fiscal 2027. The Company is subject to United States federal and state income taxes at an approximate rate of 34%. As at December 31, 2014 and 2013, the Company had no uncertain tax positions.


	2014		2013

Income tax recovery at statutory rate		-		-

Permanent differences and other		-		-
Valuation allowance change		-		-

Provision for income taxes		–		–

The significant components of deferred income tax assets and liabilities at December 31, 2014 and 2013 are as follows:


	2014			2013

Net operating loss carried forward		1,137,408			1,137,408

Valuation allowance		(1,137,408	)		(1,137,408	)

Net deferred income tax asset		–			–