Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Note 12 - Income Taxes Tables

Company's net deferred tax assets and liabilities

The tax effects of significant items comprising the Company’s net deferred tax assets and liabilities are as follows:

	As of December 31,
	2013		2012
Deferred Tax Assets:
Net operating loss carryforward	$	4,627,565	$	3,594,979
Charitable contributions carryforward		5,070		5,028
Deferred Revenue		125,108		11,103
Property and Equipment		9,015		—
Stock-based compensation		67,898		—
Deferred Tax Assets	$	4,834,656	$	3,611,110
Deferred Tax Liabilities
Property and Equipment	$	—	$	(6,956)
Stock-based compensation		—		(17,489)
Convertible Stock		(67,015)		—
Deferred Tax Liabilities	$	(67,015)	$	(24,445)
Valuation Allowances		(4,767,641)		(3,586,665)
Total Net deferred tax assets	$	—	$	—