Annual report pursuant to Section 13 and 15(d)

Note 5 - Income Taxes (Tables)

v2.4.1.9
Note 5 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Components of net deferred income tax assets
    December 31,  
    2013     2012  
Deferred tax assets:            
Federal net operating loss carryforward   $ 13,732,222     $ 13,493,553  
Other     696,043       538,936  
Patent amortization     (7,007 )     (7,707 )
Deferred tax assets before valuation     14,421,258       14,024,782  
Valuation allowance     (14,421,258 )     (14,024,782 )
Net deferred income tax assets   $     $  
Schedule of Effective Income Tax Rate Reconciliation
    Year Ended December 31,  
    2013     2012  
U.S. Federal Income Tax statutory rate   34 %   34 %
State income taxes     5 %   $ 5 %
Valuation allowance     (35) %     (35) %
Other     (4) %     (4) %
Effective tax rate     0 %   $ 0 %