8. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Provision for income tax components

	2013			2012
US Federal	$	(4,139	)	$	–
US State		1,050			1,600
Foreign		12,150			10,522
Total current taxes		9,061			12,122
Deferred taxes		(80,636	)		13,229
Total provision (benefit) for income taxes	$	(71,575	)	$	25,351

Deferred tax assets

	2013		2012
Deferred tax assets/(liabilities):
Net operating loss carryforwards	$	257,870	$	184,279
Allowance for doubtful accounts		6,445		–
Furniture and equipment		–		(600	)
Net deferred tax assets	$	264,315	$	183,679

Tax rate reconciliation

Tax rate reconciliation
	2013		2012
Federal tax rate		34.0%		34.0%
State taxes, net of benefit		5.8		5.8
Non-deductible tax expenses		81.6		2.1
Rate difference		(29.0)		(14.7)
NOL true-up adjustment		(616.5)		–
Other		(23.1)		(5.1)
Effective tax rate		(547.2)%		22.1%