• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
5. Income Taxes (Details-Deferred Taxes) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Deferred Tax Assets:    
Net operating loss carry-forwards $ (15,977,000) $ (11,792,000)
Stock based compensation - options/awards 3,267,000 2,686,000
Stock issued for services (stock grants) 971,000 971,000
Gain on derivative instrument (489,000) 0
Disallowed entertainment expense 52,000 45,000
Charitable contribution limitation 11,000 10,000
Preferred stock 39,000 39,000
Bad debt expense and reserves 47,000 31,000
Penalties 1,000 1,000
Loss on extinguishment of debt 129,000 129,000
Beneficial Conversion Feature 119,000 119,000
Mobiquity-Spain - net loss 695,000 440,000
Amortization of debt discount 246,000 0
Deferred Tax Assets (10,889,000) (7,321,000)
Less Valuation Allowance 10,889,000 7,321,000
Net Deferred Tax Asset $ 0 $ 0