Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014			2013
Tax Deferred Assets:	$			$
Net operating loss carryforward		5,858,299			4,627,565
Charitable contributions carryforward		5,071			5,070
Deferred Revenue		128,403			125,108
Property and Equipment		5,864			9,015
Stock-based compensation		205,638			67,898
Deferred Tax Assets	$	6,203,275		$	4,834,656
Deferred Tax Liabilities:
Property and Equipment	$	—		$	—
Stock-based compensation		—			—
Convertible Stock		(52,024	)		(67,015	)
Deferred Tax Liabilities	$	(52,024	)	$	(67,015	)
Valuation Allowances		(6,151,251	)		(4,767,641	)
Total Net Deferred Tax Assets	$	—		$	—