• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Summary of Current and Non current deferred Tax Assets (Table)
12 Months Ended
Dec. 31, 2012
Summary of Current and Non current deferred Tax Assets (Table)  
Summary of Current and Non current deferred Tax Assets (Table)

 

Current deferred tax asset:

 

 

 

2012

 

 

2011

 

Asset Reserve Accounts

 

$

984,068

 

 

$

142,736

 

Valuation allowance

 

 

(984,068

)

 

 

(142,736

)

Net benefit recorded

 

 

-

 

 

 

-

 

 

 

Non-current deferred tax asset:

 

 

 

2012

 

 

2011

 

34% of net operating loss carry forwards

 

$

9,214,157

 

 

$

8,127,127

 

Valuation allowance

 

 

(9,214,157

)

 

 

(8,127,127

)

Net non-current deferred tax asset

 

 

-

 

 

 

-