Summary of Significant Accounting Principles (Tables)

12 Months Ended

Dec. 31, 2014

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

	2014		2013
Deferred tax assets:
Net operating loss carryforward	$	1,850,000	$	2,690,000
Temporary – legal accrual		-		-

Less valuation allowance		(1,850,000)		(2,690,000)
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, 2014 and 2013, as a result of the following:

	2014		2013
Tax (benefit) at statutory rate	$	153,000	$	68,000
State and local taxes		46,000		21,000
Permanent differences		-		-
Change in valuation allowance		(199,000)		(89,000)
Tax due	$	-	$	-