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

Income Taxes (Tables)

v3.5.0.2
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of deferred income tax assets and liabilities

The tax effect of temporary differences and net operating losses that give rise to components of deferred income tax assets and liabilities consist of the following:

 

    As of December 31,
    2015   2014
Deferred income tax assets (liabilities):                
Property and equipment   $ (35,232 )   $ (79,190 )
Deferred revenue     46,211       38,989  
Accrued expenses     53,112       50,613  
Shared based compensation related     2,110,364       1,738,280  
Other     216,544       334,217  
Net operating loss carryforwards     28,798,998       24,125,719  
      31,189,997       26,208,628  
Less valuation allowance     (31,189,997 )     (26,208,628 )
    $ –     $ –