Annual report pursuant to Section 13 and 15(d)

10. Income Taxes (Details - Deferred Tax Assets)

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10. Income Taxes (Details - Deferred Tax Assets) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Deferred tax assets:    
Foreign capital loss carryforwards $ 1,775,932 $ 1,874,254
U.S. federal net operating loss carryforwards 1,659,050 923,816
Share-based compensation 1,313,226 52,320
Enhanced research and development tax credits 852,272 786,342
U.S. state net operating loss carryforwards 422,622 233,825
Accrued expenses 44,557 157,329
Depreciation 25,823 37,703
Other 4,998 115,384
Total deferred tax assets before valuation allowance 15,902,784 13,773,409
Deferred tax liability:    
Indefinite-lived intangible asset (2,918,518) (3,080,096)
Debt discount (578,346) 0
Total deferred tax liabilities (3,496,864) (3,080,096)
Less valuation allowance (15,324,438) (13,773,409)
Total net deferred tax liability (2,918,518) (3,080,096)
UNITED KINGDOM [Member]    
Deferred tax assets:    
Foreign net operating loss carryforwards 9,402,398 9,198,798
Foreign capital loss carryforwards 1,775,932 1,874,254
GERMANY [Member]    
Deferred tax assets:    
Foreign net operating loss carryforwards $ 401,906 $ 393,638