INCOME TAXES (Details) - USD ($) |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Income Tax Disclosure [Abstract] | ||
Tax expense (benefit) computed at "expected" statutory rate | $ (701,382) | $ (139,800) |
State income taxes, net of benefit | $ (13,100) | |
Permanent differences: | ||
Stock based compensation and consulting | 364,067 | 61,100 |
Loss (gain) from change in fair value of derivative liability | $ 21,575 | $ (2,300) |
Other | 48,276 | |
Increase (decrease) in valuation allowance | $ 267,464 | $ (94,100) |
Net income tax benefit |
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- Definition Custom Element. No definition available.
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- Definition Permanent Difference Abstract. No definition available.
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- Definition Custom Element. No definition available.
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- Definition Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For an unclassified balance sheet, the accumulated amortization, as of the reporting date, representing the periodic charge to earnings of deferred costs which are associated with debt obligations existing as of the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition After tax net amount of gain (loss) that are not yet recognized as a component of net periodic benefit cost, and that are recognized as increases (decreases) in other comprehensive income as they arise. No definition available.
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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