Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes Tables

Deferred Tax assets (liabilities)

The significant components of the Company’s net deferred tax assets (liabilities) at December 31, 2012 and 2011 are as follows:

	2012			2011
Gross deferred tax assets:
Net operating loss carryforwards	$	9,187,000		$	9,017,000
Difference between book and tax basis of former subsidiary stock held		-			-
Stock based expenses		154,000			101,800
Tax credit carryforwards		211,000			211,000
All others		563,000			563,000
		10,115,000			9,892,800
Deferred tax asset valuation allowance		(10,115,000	)		(9,892,800	)
Net deferred tax asset (liability)	$	-		$	-