Note 16 - Income Taxes: Deferred tax assets (Tables)

12 Months Ended

Dec. 31, 2012

	2012	2011
Deferred tax assets:
Net operating loss carry forwards	$ 818,573	$ 255,867
Share-based compensation	62,039	-
Other	11,298	42,740

Total deferred tax assets	891,910	298,607
Valuation allowance	(664,320)	(298,607)
	227,590	-

Deferred tax liabilities:
Tax deductible licensing agreement	(132,300)	-
Accrual to cash	(94,516)	-
Other	(774)	-

Total deferred tax assets (liabilities)	(227,590)	-

Net deferred tax assets (liabilities)	$ -	$ -