INCOME TAXES (Details 2) - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Deferred tax assets: | ||
Net operating loss carry forwards | $ 548,876 | $ 247,200 |
Share-based compensation | 216,310 | 280,190 |
Accural to cash | (158,698) | 215,476 |
Other | 1,396,446 | 1,280,651 |
Total deferred tax assets | 2,002,934 | 2,023,517 |
Valuation allowance | (1,946,334) | (1,966,917) |
Net deferred tax asset | 56,600 | 56,600 |
Deferred tax liabilities: | ||
Tax deductible licensing agreement | (56,600) | (56,600) |
Accrual to cash | ||
Other | ||
Total deferred tax liabilities | (56,600) | (56,600) |
Net deferred tax assets (liabilities) |
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- References No definition available.
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- References No definition available.
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- Definition Share-based compensation. No definition available.
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- Definition Note 7- Advance From Lenders No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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