| Schedule of components of deferred tax assets and liabilities |
| | | Years Ended
December 31, | | | | | 2014 | | | 2013 | | | Deferred Tax Liability: | | | | | | | | Furniture, fixtures, equipment and intangibles | | $ | (32,089 | ) | | $ | (48,716 | ) | | Other | | | (27,258 | ) | | | (17,105 | ) | | Warrants | | | (1,039,489 | ) | | | (997,596 | ) | | Deferred Tax Assets: | | | | | | | | | | Stock options for services | | | 1,275,925 | | | | 1,230,522 | | | Net operating loss carry-forward | | | 4,510,554 | | | | 3,927,921 | | | Reserve for future charge backs | | | 28,309 | | | | 26,037 | | | Valuation allowance | | | (4,715,952 | ) | | | (4,121,063 | ) | | Net deferred tax assets (liabilities) | | $ | - | | | $ | - | |
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| Summary of reconciliation of federal income tax provision from continuing operations at statutory rate |
| | | Year Ended
December 31, | | | | | 2014 | | | 2013 | | | Federal income tax benefit at statutory rate | | $ | (580,257 | ) | | $ | (1,385,270 | ) | | Increase (decrease) in income taxes resulting from: | | | | | | | | | | State and local income taxes | | | 204,366 | | | | 854,100 | | | Change in deferred tax asset valuation allowance | | | 367,359 | | | | 519,337 | | | Stock based compensation | | | - | | | | - | | | Non-deductible expenses | | | 8,532 | | | | 11,833 | | | Other | | | - | | | | - | | | Income Tax Expense | | $ | - | | | $ | - | |
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