Note 11: Income Taxes: Schedule of Deferred Tax Assets (Liabilities) (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schedule of Deferred Tax Assets (Liabilities)

	December 31,	August 31,
	2014	2014	2013
Current Asset:
Accruals and reserves	$        73,000	$         62,000	$         26,000
Deferred revenue	18,000	33,000	266,000
Inventories	298,000	90,000	68,000
Valuation allowance	(389,000)	(185,000)	(360,000)
	$                   -	$                   -	$                   -
Long-Term Asset (Liability):
Deferred compensation	$       601,000	$       601,000	$       601,000
Research and development and other tax credits	1,929,000	1,896,000	1,804,000
Net operating loss carryforwards - federal	12,951,000	13,938,000	11,380,000
Net operating loss carryforwards - state	2,079,000	-	-
Depreciation and amortization	39,000	8,000	3,000
Valuation allowance	(17,599,000)	(16,443,000)	(13,788,000)
	$                  -	$                  -	$                  -