Income Tax (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Tables

Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities

The following table summarizes the temporary differences which result in deferred tax assets and liabilities as at March 31, 2014 and December 31, 2013:

		March 31,		December 31,
		2014		2013
Deferred tax assets:		(Unaudited)
Net operating loss	$	1,458,834	$	1,373,600
less: Valuation allowance		(1,458,834)		(1,373,600)
Total deferred tax assets		-		-
Deferred tax liabilities:		-		-
Deferred tax assets, net	$	-	$	-

Schedule of Effective Income Tax Rate and Amount Reconciliation

The following table reconciles the U.S. statutory rates to the Company's effective tax rates for the three months ended March 31, 2014 and 2013:

	For Three Months Ended
	March 31,
	2014	2013
	(Unaudited)	(Unaudited)
		(Restated)
US statutory rates	34.00%	34.00%
Tax rate difference	-5.47%	-2.24%
Valuation allowance	-28.53%	-31.76%
State taxes	-0.24%	0.20%
Tax per financial statements	-0.24%	0.20%