Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Income Taxes: Components of Net Operating Loss and Valuation Allowance (Tables)

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Note 13 - Income Taxes: Components of Net Operating Loss and Valuation Allowance (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Components of Net Operating Loss and Valuation Allowance

Components of Net Operating Loss and Valuation allowance are as follows:

 

 

6/30/2015

12/31/2014

    Deferred tax assets:

 

 

 

 

 

       Beginning  NOL Carryover

$20,537,568

$13,177,333

 

 

 

Adjusted Taxable Income(loss)

(120,504)

(7,360,235)

 

 

 

    Valuation allowance

0

0

 

 

 

       Ending  NOL Carryover

20,658,072

20,537,568

 

 

 

    Tax Benefit Carryforward

7,023,744

6,982,773

 

 

 

    Valuation allowance

(7,023,744)

(6,982,773)

 

 

 

    Net deferred tax asset

$0

$0

 

 

 

Net Valuation Allowance

$(7,023,744)

$(6,982,773)