Quarterly report pursuant to Section 13 or 15(d)

TAX EXPENSE (Details 1)

v3.5.0.2
TAX EXPENSE (Details 1) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Deferred income tax assets:    
Allowance for bad debt $ 71,000 $ 74,000
Warrants expense 3,904,000 3,412,000
Derivatives expense 1,239,000 729,000
Net operating losses 7,736,000 7,029,000
Total 12,950,000 11,244,000
Deferred income tax liabilities:    
Depreciation (44,000) (44,000)
Total 12,906,000 11,200,000
Valuation allowance (12,950,000) (11,244,000)
Net deferred tax assets $ (44,000) $ (44,000)