8. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of income taxes

	Current		Deferred		Total
Year Ended December 31, 2014:
U.S. federal	$	––	$	––	$	––
State and local		––		––		––
Foreign		7,080		––		7,080
	$	7,080	$	––	$	7,080
Year Ended December 31, 2015:
U.S. federal	$	––	$	––	$	––
State and local		––		––		––
Foreign		7,363		––		7,363
	$	7,363	$	––	$	7,363

Schedule of income tax reconciliation

	2015			2014
Computed "expected" US tax (benefit) at Federal statutory rate	$	(283,266	)	$	41,645
Change resulting from:
State and local income taxes, net of federal income tax benefit		(55,828	)		––
Valuation allowance		414,612			(281,039	)
Non––deductible items		(68,155	)		12,063
Expired State Net Operating Losses		––			234,411
Income tax expense (benefit)	$	7,363		$	7,080

Schedule of deferred tax assets

	2015			2014
Deferred income tax assets:
Inventories	$	90,879		$	132,511
Accounts receivable		181,223			143,780
Accrued expenses		43,668			36,621
Net operating loss and tax credit carry forwards		18,272,306			17,863,473
Plant and equipment		590			4,629
Stock compensation		97,464			90,504
Other – investment impairments		127,855			127,855
Total deferred income tax assets		18,813,985			18,399,373
Valuation allowance		(18,813,985	)		(18,399,373	)
Net deferred tax assets	$	––		$	––