General form of registration statement for all companies including face-amount certificate companies

Note 9 - Income Taxes (Tables)

v2.4.0.6
Note 9 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
As of December 31,
 
   
2012
   
2011
 
Deferred income tax assets (liabilities):
           
Property and equipment
  $ (54,443 )   $ (144,185 )
Deferred revenue
    246,740       1,517,024  
Accrued expenses
    288,338       1,138,800  
Share based compensation related
    1,094,927       451,557  
Other
    546,636       275,650  
Net operating loss carryforwards
    19,816,443       18,509,210  
      21,938,641       21,748,056  
Less valuation allowance
    (21,938,641 )     (21,748,056 )
    $ -     $ -