Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Schedule of Deferred Income Tax Assets

Deferred tax assets consisted of the following as of:

 

    September 30, 2015     September 30, 2014  
             
Net operating loss carry forwards   $ 6,210,000     $ 2,459,000  
Valuation allowance     (6,210,000 )     (2,459,000 )
    $ -     $ -  

Schedule of Effective Statutory Federal Tax Rate

The reconciliation of the results of applying the Company’s effective statutory federal tax rate of 35% for the nine months ended September 30, 2015 and 2014 to the Company’s provision for income taxes follows:

 

    For the
Nine months ended
September 30, 2015
    For the
Nine months ended
September 30, 2014
 
Federal income tax rate     32 %     32 %
State income tax     6 %     8 %
Charge for deferred tax asset     (38 )%     (40 )%
      - %     - %