Annual report pursuant to Section 13 and 15(d)

10. INCOME TAXES (Details-Deferred income taxes)

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10. INCOME TAXES (Details-Deferred income taxes) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Deferred tax assets:    
Net operating loss carryforwards $ 466,161 $ 50,476
Allowance for doubtful accounts 159,338 0
Intangible assets 141,730 0
Investment in KannaLife Sciences 123,787 0
Other 113,399 0
Total deferred tax assets 1,004,415 50,476
Deferred tax liabilities:    
Property and equipment (43,658) 0
Total deferred tax assets 960,757 50,476
Less valuation allowance (960,757) (50,476)
Net deferred tax asset $ 0 $ 0