INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes Tables

Schedule of Components of Income Tax Expense (Benefit)

Current Income Tax Expense:		2015			2014
Federal	$	—		$	—
State		—			—
Total Current Income Tax Expense		—			—
Deferred Income Tax Benefit
Federal		2,426,744			1,223,108
State		280,164			141,206
Total Deferred Tax Benefit		2,706,908			1,364,314
Valuation Allowance		(2706,908	)		(1,364,314	)
Total	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

Statutory rate - federal	34.0%
State taxes, net of federal benefit	4.0
Income tax benefit	38.0%
Less valuation allowance	(38.0)
Total	0.0%

Schedule of Deferred Tax Assets and Liabilities

	2015	2014
Deferred Tax Assets:
Start-up costs	$3,528,944	$1,336,486
Share-based compensation	122,834	26,633
Total Deferred Tax Assets	3,651,778	1,363,119
Valuation Allowance	(3,651,778)	(1,363,119)
Net Deferred Tax Asset	$           --	$           --