Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.7.0.1
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2017
Income Taxes Tables  
Deferred tax assets and liabilities

As of June 30, 2017 and December 31, 2016, the components of deferred income tax assets and deferred income tax liabilities consisted of the following:

 

   

June 30,

2017

   

December 31,

2016

 
             
Deferred Income Tax Assets:            
Warrants Expense   $ 4,832,000     $ 4,186,000  
Derivatives Expense     6,443,000       4,067,000  
Net Operating Losses     19,105,000       15,242,000  
                 
Deferred Income Tax Liabilities:                
Depreciation     (1,818,000 )     (1,334,000 )
                 
Total     28,562,000       22,161,000  
Valuation Allowance     (28,562,000 )     (22,161,000 )
                 
Net Deferred Tax Liabilities   $     $