Annual report pursuant to Section 13 and 15(d)

INCOME TAX (Tables)

v2.4.0.8
INCOME TAX (Tables)
 12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Net deferred tax assets consist
    2013   2012
Deferred Tax Assets:                
NOL Carryover   $ 964,700     $ 298,300  
Related party accrual     —         2, 100  
      Depreciation     2,600       200  
      Payroll accrual     40,100       213,300  
Deferred tax liabilities:                
Less valuation allowance     (1,007,400 )     (513,900 )
Net deferred tax assets   $ —       $ —    
The income tax provision differs
    2013   2012
Book Income (loss)   $ (532,000 )   $ (338,200 )
Meals and entertainment     4,900       2,800  
Depreciation     1,800       500  
Other nondeductible expenses     34,500       37,400  
Related party accruals     (2,100 )     —    
Accrued payroll     (173,200 )     109,900  
Valuation allowance     666,100       187,600  
    $ —       $ —