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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Summary of Deferred Tax Attributes and Tax Bases of Assets and Liabilities

Deferred tax attributes resulting from differences between financial accounting amounts and tax bases of assets and liabilities at December 31, 2014 and 2013 are as follows:

 

 

  

2014

 

 

2013

 

Current Assets

  

 

 

 

 

 

 

 

Allowance for doubtful accounts-short term

  

$

2,000

  

 

$

2,000

  

Inventory allowance

  

 

-

  

 

 

-

  

Warranty reserve

  

 

12,000

  

 

 

10,000

  

Impairment of Germany Investment

  

 

-

  

 

 

31,000

  

Deferred officers compensation

  

 

392,000

  

 

 

725,000

  

Subtotal

  

 

406,000

  

 

 

768,000

  

Valuation allowance

  

 

(406,000

 

 

(768,000

Current deferred tax asset

  

$

-

  

 

$

-

  

Non-current assets

  

 

 

 

 

 

 

 

Allowance for doubtful accounts-long term

  

$

-

  

 

$

-

  

Net operating loss carryforward

  

 

15,686,000

  

 

 

14,855,000

  

Subtotal

  

 

15,686,000

  

 

 

14,855,000

  

Valuation allowance

  

 

(15,686,000

 

 

(14,855,000

Non-current deferred tax asset

  

$

-

  

 

$

-

  

 

Reconciliation of the Statutory Tax Rates

A reconciliation of the statutory tax rates for the years ended December 31, is as follows:

 

 

  

2014

 

 

2013

 

Statutory rate

  

 

(34

)% 

 

 

(34

)% 

State income tax - all states

  

 

(6

)% 

 

 

(6

)% 

 

  

 

(40

)% 

 

 

(40

)% 

Current year valuation allowance

  

 

40

 

 

40

Benefit for income taxes

  

 

0

 

 

0