Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v2.4.1.9
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of components of net deferred tax assets
 
December 31,
 
 
2014
 
 
 
Net operating loss carryforwards
 
$
555,899
 
Share based compensation
   
357,545
 
Intellectual property
   
254,539
 
Less: Valuation allowance
   
(1,167,983
)
Deferred tax assets, net
 
$
-
 
Schedule of difference in amount of provision of income taxes
 
December 31,
 
 
2014
 
   
Statutory federal income tax rate
34.0
%
State taxes, net of federal benefit
5.4
%
Non-deductible items
-2.3
%
Change in valuation allowance
-37.1
%
 
0.0
%