• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Components of deferred tax assets (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current deferred tax asset:    
Asset Reserve Accounts $ 984,068 $ 142,736
Valuation allowance current (984,068) (142,736)
Net benefit recorded 0 0
Non-current deferred tax asset:    
34% of net operating loss carry forwards 9,214,157 8,127,127
Valuation allowance non current (9,214,157) (8,127,127)
Net non-current deferred tax asset 0 0
Deferred tax benefit of asset reserve accounts 2,894,000  
Net operating loss carryover 27,100,000  
Change in the valuation allowance 1,928,000  
Unexpired net operating loss carry forward $ 27,700,000