Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.7.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Taxes [Abstract]  
Schedule of consolidated provision for income taxes
      Year Ended     Year Ended  
      December 31, 2016     December 31, 2015  
  Income Tax Expense (benefit)            
  Current federal tax expense            
  Federal   $ -0-     $ -0-  
  State     -0-       -0-  
  Deferred tax (benefit)                
  Federal   $ -0-     $ -0-  
  State     -0-       -0-  
  Total   $ -0-     $ -0-  
Schedule of federal statutory rates to income before federal income tax expense
    Year Ended     Year  
      December 31, 
2016
    December 31, 
2015
 
               
  Expected federal tax provision (benefit) at 35% rate   $ (150,935 )   $ (185,065 )
  Surtax exemption     21,562       26,438  
  Meals and entertainment     6,416       2,724  
  Valuation allowance     (19,967 )     171,493  
  State income tax     142,924       (15,590 )
  Total income tax   $ -0-     $ -0-  
                   
  Effective tax rate     0.0 %     0.0 %
Schedule of deferred tax assets and liabilities
      Year Ended     Year Ended  
      December 31, 2016     December 31, 2015  
  Deferred tax assets:                
  Reserve for inventory obsolescence   $ 15,930     $ 18,008  
  Reserve for bad debt     16,563       2,251  
  Stock option compensation     172,797       108,963  
  Federal tax loss carryforward     258,219       135,562  
  State tax loss carryforward     39,852       20,923  
  Less valuation allowance     (398,676 )     (235,543 )
                   
  Total Deferred Tax Asset     104,685       50,164  

      Year Ended     Year Ended  
      December 31, 
2016
    December 31, 
2015
 
  Deferred tax liabilities:            
  Accumulated depreciation and amortization     (104,685 )     (50,164 )
  Total deferred tax liabilities     (104,685 )     (50,164 )
                   
  NET DEFERRED TAX   $ -0-     $ -0-