Annual report pursuant to Section 13 and 15(d)

16. Income Taxes (Tables)

v2.4.1.9
16. Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
    2014     2013  
Deferred tax assets:                
NOL Carryover   $ 4,505,900     $ 3,252,200  
Returns Reserve     17,800       16,800  
Inventory Reserve     21,300       36,500  
Accrued Related Party Interest            
Accrued Officer Compensation            
Accrued Compensated Absences     19,600       14,800  
Charitable Contributions     400       1,300  
Deferred tax liabilities:                
Depreciation and Amortization     116,500       80,100  
                 
Valuation Allowance     (4,681,500 )     (3,401,700 )
Net deferred tax asset   $     $  
Schedule of Effective Income Tax Rate Reconciliation

 

    2014     2013  
             
Book Loss   $ (1,453,800 )   $ (2,813,900 )
Meals and Entertainment     4,700       5,900  
Stock Compensation for Services           525,900  
Stock issued for debt extinguishment           1,762,000  
Excess Tax Gain (Loss) on Disposal over Book           (12,500 )
Accrued Compensated Absences     4,800       (23,300 )
Accrued Officer Compensation           (158,600 )
Returns Reserve     1,000       (3,900 )
Inventory Reserve     (15,200 )     14,200  
Depreciation and Amortization    

9,700

      10,200  
Valuation Allowance    

1,448,800

      694,000  
    $ -     $ -