PROVISION FOR INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Provision For Income Taxes Tables

Provision for income taxes

The income tax provision (benefit) consists of the following:

	December 31,
	2014			2013
Federal
Current	$	-		$	-
Deferred		(1,894,184)			(1,666,585	)
State and local
Current		-			-
Deferred		-			-
		(1,894,184	)		(1,666,585	)
Change in valuation allowance		1,894,184			1,666,585
Income tax provision (benefit)	$	-		$	-

Reconciliation of the Companys effective tax rate

	2014			2013
Federal statutory rate		(34.0)	%		(34.0)	%
State income taxes, net of federal benefits		0.0			0.0
Valuation allowance		34.0			34.0