Summary of Significant Accounting Principles (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2013		2012
Deferred tax assets:
Net operating loss carryforward	$	2,690,000	$	2,750,000
Temporary – legal accrual		-		29,000
Less valuation allowance		(2,690,000)		(2,779,000)
Net deferred tax asset	$	-	$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2013 and 2012, as a result of the following:

	2013		2012
Tax (benefit) at statutory rate	$	68,000	$	13,000
State and local taxes		21,000		4,000
Permanent differences		-		(15,000)
Change in valuation allowance		(89,000)		(2,000)
Tax due	$	-	$	-