PROVISION FOR INCOME TAXES

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

PROVISION FOR INCOME TAXES

NOTE 8-                PROVISION FOR INCOME TAXES

As of June 30, 2015 there is no provision for income taxes, current or deferred.

Net operating losses carryforward	$	2,282,434
Valuation allowance		(2,282,434	)
	$	-

The Company has approximately $6,700,000 in net operating losses as of June 30, 2015. A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and the statutory rate for six months ended June 30, 2015 is summarized below:

Federal rate	34	%
State rate	-
Combined Tax Rate	34	%
Valuation allowance	(34	%)
	0	%