Annual report pursuant to Section 13 and 15(d)

The net deferred tax liability consisted of the following (Details)

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The net deferred tax liability consisted of the following (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
The net deferred tax liability consisted of the following    
Deferred tax liabilities Property and equipment $ 9,009,106 $ 3,094,811
Stock-based compensation 1,682,601 386,541
Operating loss and IDC carryforwards 6,622,853 2,082,319
Deferred tax assets gross 8,305,439 2,468,860
Net deferred income tax liability 703,651 625,951
Company had net operating loss carry forwards for federal income tax reporting purposes of approximately in millions $ 17.8