8. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of income taxes

	Current		Deferred		Total
Year Ended December 31, 2012:
US federal	$	––	$	––	$	––
State and local		––		––		––
Foreign		3,392		––		3,392
	$	3,392	$	––	$	3,392
Year Ended December 31, 2013:
US federal	$	––	$	––	$	––
State and local		––		––		––
Foreign		3,944		––		3,944
	$	3,944	$	––	$	3,944

Schedule of income tax reconciliation

	2012			2013
Computed "expected" US tax (benefit) at Federal statutory rate	$	(248,996	)	$	(362,095	)
Change resulting from:
State and local income taxes, net of federal income tax benefit		––			––
Foreign income taxes		3,392			3,944
Valuation allowance		235,607			(126,339	)
Non––deductible items		14,456			11,390
Expired State Net Operating Losses		––			477,044
Change in estimate for prior years’ provisions		(1,067	)		––
Income tax expense (benefit)	$	3,392		$	3,944

Schedule of deferred tax assets

	2012			2013
Deferred income tax assets:
Inventories	$	333,315		$	165,225
Accounts receivable		292,846			235,207
Intangible assets		96,791			25,738
Accrued expenses		60,397			44,112
Net operating loss and tax credit carry forwards		17,792,110			17,977,742
Plant and equipment		15,378			15,018
Stock compensation		88,059			89,515
Other – investment impairments		127,855			127,855
Total deferred income tax assets		18,806,751			18,680,412
Valuation allowance		(18,806,751	)		(18,680,412	)
Net deferred tax assets	$	––		$	––