Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

v2.4.0.8
Note 13 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2014
Tables/Schedules  
Schedule of Deferred Tax Assets and Liabilities

 

Net deferred tax assets consist of the following components as of

 

 

 

 

6/30/2014

12/31/2013

    Deferred tax assets:

 

 

 

 

 

       Beginning  NOL Carryover

$13,177,333

$14,029,261

 

 

 

Adjusted Taxable Income(loss)

(67,982)

851,928

 

 

 

    Valuation allowance

0

0

 

 

 

       Ending  NOL Carryover

13,245,315

13,177,333

 

 

 

    Tax Benefit Carry-forward

4,503,407

4,480,293

 

 

 

    Valuation allowance

(4,503,407)

(4,480,293)

 

 

 

    Net deferred tax asset

$0

$0

 

 

 

Net Valuation Allowance

$(4,503,407)

$(4,480,293)