EnerTeck (ETCK) 10-K 9 May 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	ENERTECK CORPORATION
Entity Central Index Key	1,128,353
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public float			$ 7,357,000
Entity Common Stock, Shares Outstanding		30,581,866
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets
Cash	$ 10,025	$ 7,878
Inventory	159,665	168,826
Receivables - trade	40,176	30,124
Prepaid Expenses	31,413	11,668
Total current assets	241,279	218,496
Intellectual Property	150,000	150,000
Website costs, net of accumulated amortization of $3,930	37,304	0
Property and equipment, net of accumulated depreciation of $363,393 and $358,455, respectively	2,357	6,864
Total assets	430,940	375,360
Current liabilities
Accounts payable	181,179	161,237
Shareholder advances and notes	1,730,050	2,315,000
Customer deposits	24,831	0
Accrued compensation	3,177,123	2,705,904
Accrued interest	825,714	711,616
Accrued liabilities - other	83,393	76,169
Total current liabilities	6,022,290	5,969,926
Long Term Liabilities
Deferred lease liability	13,400	14,292
Total Long Term Liabilities	$ 13,400	$ 14,292
Stockholders' Equity (Deficit)
Preferred stock, $.001 par value, 100,000,000 shares authorized, none issued
Common stock, $.001 par value, 100,000,000 shares authorized, 30,581,866 and 25,598,055 shares issued and outstanding, respectively	$ 30,582	$ 25,598
Common stock subscribed, 75,000 shares	37,500	37,500
Additional paid-in capital	26,686,141	25,431,900
Accumulated deficit	(32,358,973)	(31,103,856)
Total stockholders' equity (deficit)	(5,604,750)	(5,608,858)
Total liabilities and stockholders' equity (deficit)	$ 430,940	$ 375,360

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets
Accumulated depreciation on Website costs, net	$ 3,930	$ 3,930
Accumulated depreciation on property and equipment, net	$ 363,393	$ 358,455
Stockholders' Equity
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	100,000,000	100,000,000
Preferred stock, issued shares	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	100,000,000	100,000,000
Common stock, Issued	30,581,866	25,598,055
Common stock, outstanding	30,581,866	25,598,055
Common stock subscribed Shares	75,000	75,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements Of Operations
Product Sales	$ 279,836	$ 185,894
Cost of goods sold	91,780	32,351
Gross profit	188,056	153,543
General and Administrative Expenses:
Wages	789,263	790,864
Non-cash compensation	0	24,747
Depreciation and Amortization	5,007	14,828
Other Selling, General and Administrative Expenses	450,014	369,000
Total Expenses	1,244,284	1,199,439
Operating loss	(1,056,228)	(1,045,896)
Other income (expense)
Interest Income	4	5
Other Income (Expense)	300	(48,242)
Interest expense	(199,193)	(196,366)
Net Income (loss)	$ (1,255,117)	$ (1,290,499)
Net Loss per Share: Basic and diluted	$ (0.04)	$ (0.05)
Weighted average shares outstanding: Basic and diluted	28,672,314	25,242,287

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Common Stock Subscribed	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2013	$ 24,983	$ 37,500	$ 25,284,768	$ (29,813,357)	$ (4,466,106)
Beginning Balance, Shares at Dec. 31, 2013	24,983,056
Stock based compensation			24,747		24,747
Sale of Stock, Amount	$ 615		122,385		123,000
Sale of Stock, Shares	615,000
Current Loss				(1,290,499)	(1,290,499)
Ending Balance, Amount at Dec. 31, 2014	$ 25,598	37,500	25,431,900	(31,103,856)	(5,608,858)
Ending Balance, Shares at Dec. 31, 2014	25,598,056
Stock based compensation					0
Sale of Stock, Amount	$ 1,700		350,800		352,500
Sale of Stock, Shares	1,700,000
Debt Conversion, Amount	$ 3,174		875,054		878,228
Debt Conversion, Shares	3,173,811
Stock Issued for Services, Amount	$ 100		19,900		20,000
Stock Issued for Services, Shares	100,000
Stock and Warrants Issued for Website Rights, Amount	$ 10		8,487		8,497
Stock and Warrants Issued for Website Rights, Shares	10,000
Current Loss				(1,255,117)	(1,255,117)
Ending Balance, Amount at Dec. 31, 2015	$ 30,582	$ 37,500	$ 26,686,141	$ (32,358,973)	$ (5,604,750)
Ending Balance, Shares at Dec. 31, 2015	30,581,867

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements Of Cash Flows
Net (loss)	$ (1,255,117)	$ (1,290,499)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and Amortization	8,937	14,828
Common stock warrants and options issued for services	20,000	24,747
Changes in operating assets and liabilities:
Accounts receivable	(10,052)	46,001
Inventory	9,161	85,898
Prepaid expenses	(19,812)	(31)
Accounts payable	19,942	14,990
Accrued Interest payable	197,326	196,367
Customer deposits	24,831	0
Accrued Liabilities	477,551	483,780
NET CASH USED IN OPERATING ACTIVITIES	(527,233)	(423,919)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital Expenditures	(433)	0
Website costs	(32,737)	0
CASH USED IN INVESTING ACTIVITIES	(33,170)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sales of common stock	352,500	123,000
Related party note payable and advances	210,050	300,000
CASH PROVIDED BY FINANCING ACTIVITIES	562,550	423,000
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,147	(919)
Cash and cash equivalents, beginning of year	7,878	8,797
Cash and cash equivalents, end of year	10,025	7,878
Cash paid for: Income tax	0	0
Cash paid for: Interest	1,867	0
Noncash investing and financing activities:
Stock and warrants issued for capitalized website costs	8,497	0
Conversion of notes payable and accrued interest to stock	$ 878,228	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Business and Basis of Presentation EnerTeck Corporation, formerly Gold Bond Resources, Inc. was incorporated under the laws of the State of Washington on July 30, 1935. On January 9, 2003, the Company acquired EnerTeck Chemical Corp. ("EnerTeck Sub") as its wholly owned operating subsidiary. As a result of the acquisition, the Company is now acting as a holding company, with EnerTeck Sub as its only operating business. Subsequent to this transaction, on November 24, 2003, the Company changed its domicile from the State of Washington to the State of Delaware, changed its name from Gold Bond Resources, Inc. to EnerTeck Corporation. EnerTeck Sub, the Company's wholly owned operating subsidiary is a Houston-based corporation. It was incorporated in the State of Texas on November 29, 2000 and was formed for the purpose of commercializing a diesel fuel specific combustion catalyst known as EnerBurn (TM), as well as other combustion enhancement and emission reduction technologies for diesel fuel. EnerTeck's primary product is EnerBurn, and is registered for highway use in all USA diesel applications. The products are used primarily in on-road vehicles, locomotives and diesel marine engines throughout the United States and select foreign markets. During 2012, EnerTeck acquired a 40% membership interest in EnerTeck Environmental, LLC (Environmental). Environmental was formed for the purpose of marketing and selling diesel fuel emission reduction technology with the creators of such specific technology. Principles of Consolidation The consolidated financial statements include the accounts of EnerTeck Corporation and its wholly-owned subsidiary, EnerTeck Chemical Corp. All significant inter-company accounts and transactions are eliminated in consolidation. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three (3) months or less to be cash and cash equivalents. Inventory Inventory primarily consists of market ready EnerBurn plus raw materials required to manufacture the products. Inventory has been valued at the lower of cost or market, using the average cost method. Included in inventory at December 31, 2010, were three large Hammonds EnerBurn doser systems amounting to $57,000 which were projected to be transferred to marine customers during 2010, but in 2011 were traded for injection units which are more universally adaptable to other customers. Included in inventory at December 31, 2015 and 2014, are various injector units and R & D Equipment amounting to $38,000 and $42,000, respectively. Finished product amounted to approximately $47,000 and $9,000 at December 31, 2015 and 2014, respectively: the remaining inventory comprises raw materials. Accounts Receivable Accounts receivable represent uncollateralized obligations due from customers of the Company and are recorded at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. The Company calculates this allowance based on historical write-offs, level of past due accounts and relationships with and economic status of the customers. Accounts are written off as bad debts when all collection efforts have failed and the account is deemed uncollectible. Management has provided allowances for doubtful accounts of $32,000 and $32,000 as of both December 31, 2015 and 2014. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for on the straight-line or accelerated method over the estimated useful lives of the assets. The average lives range from five (5) to ten (10) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. Depreciation expense totaled $5,007 and $14,428 for the years ended December 31, 2015 and 2014, respectively. Intangible Assets The Company follows the provisions of FASB ASC 350, Goodwill and Other Intangible Assets Intellectual property and other intangibles are recorded at cost. Prior to 2009, the Company determined that its intellectual property had an indefinite life because it believed there was no legal, regulatory, contractual, competitive, economic or other factor to limit its useful life, and therefore would not be amortized. For other intangibles, amortization would be computed on the straight-line method over the identifiable lives of the assets. Management made the decision during 2009 to change the characterization of its intellectual property to a finite-lived asset and to amortize the remaining balance of its intangible assets to the nominal value of $150,000 by the end of 2012, due to its determination that this now represented the scheduled end of its exclusive registration during that year. As a result of a review by management of its intangible asset and policies related thereto as of December 31, 2010, it was determined that a further impairment was required to be recorded. This impairment served to reduce its intellectual property to an amount which management believes represents its fair value. This value would be considered a level 3 measurement under FASB ASC 820, Fair Value Measurements and Disclosures Revenue Recognition The Company follows the provisions of FASB ASC 605, Revenue Recognition, Revenues from sales of product and equipmentare recognized at the point when a customer order has been shipped and invoiced. Income Taxes EnerTeck will compute income taxes using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on evidence from prior years, may not be realized over the next calendar year or for some years thereafter. The current and deferred tax provisions in the financial statements include consideration of uncertain tax positions in accordance with FASB ASC 740, Income Taxes Income (Loss) Per Common Share The basic net income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding. During the year ended December 31, 2014, EnerTeck entered into stock sales agreements with investors who contributed $123,000 in cash to the Company for 615,000 shares of common stock. During the year ended December 31, 2015, EnerTeck entered into stock sales agreements with investors who contributed $352,500 in cash to the Company for 1,700,000 shares of common stock. In addition, $877,000 of debt plus related interest expenses was removed from the books of the company through a Debt to Equity conversion in exchange for 3,173,811 shares of Enerteck Corporation common stock. Diluted net income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For 2015 and 2014, potential dilutive securities had a dilutive effect on the shareholders' equity in the company and were included in the calculation of diluted net loss per common share. Management Estimates and Assumptions The accompanying financial statements are prepared in conformity with accounting principles generally accepted in the United States of America which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Financial Instruments The Company's financial instruments recorded on the balance sheet include cash and cash equivalents, accounts receivable, accounts payable and notes payable. The carrying amounts approximate fair value because of the short-term nature of these items. Stock Options and Warrants Effective January 1, 2006, EnerTeck began recording compensation expense associated with stock options and other forms of equity compensation in accordance with FASB ASC 718, Stock Compensation. Taxes Collected The Company collects sales taxes assessed by governmental authorities imposed on certain sales to customers. Sales taxes collected are included in revenues; net amounts paid are reported as expenses in the consolidated statement of operations. Website Costs As more fully described in Note 5, during 2015, the Company acquired the rights to various domain names relevant to its business. The cost of these domain names was $8,497 and has been capitalized as part of website costs on the balance sheet. Management intends to continually renew these domain names, therefore, they are considered nonamortizable intangible assets. In addition, during 2015, the Company incurred costs to modify and improve the functionality of its website. Such costs amounted to $32,737 and are being amortized over their expected useful life of five years. Amortization for 2015 was $3,930. Future amortization is expected to be as follows: $6,547 for 2016, 2017, 2018 and 2019, with final amortization of $2,618 in 2020. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers (Topic 606)", which supersedes the revenue recognition requirements in Accounting Standards Codification 605, Revenue Recognition. ASU 2014-09 stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for annual and interim reporting periods beginning on or after December 15, 2017, and limited early adoption is permitted. ASU 2014-09 permits the use of two transition methods, either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company has not yet selected a transition method, and is currently evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, " Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In April 2015, the FASB issued ASU 2015-03 – " Simplifying the Presentation of Debt Issuance Costs In July 2015, the FASB issued ASU 2015-11, " Inventory: Simplifying the Measurement of Inventory" In November 2015, the FASB issued ASU 2015-17, " Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, " Leases (Topic 842) In March 2016, the FASB issued ASU 2016-08, " Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) On March 30, 2016, the FASB issued ASU 2016-09, " Compensation - Stock Compensation Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 2 - PROPERTY AND EQUIPMENT	At December 31, 2015 and 2014 property and equipment consisted of the following: Useful Lives 2015 Amount 2014 Amount Furniture and fixtures 5-7 $ 64,016 $ 63,585 Equipment 5-7 301,734 301,734 Less: Accumulated Depreciation (363,393 ) (358,455 ) Net Property and Equipment $ 2,357 $ 6,864

INTELLECTUAL PROPERTY

INTELLECTUAL PROPERTY	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 3 - INTELLECTUAL PROPERTY	In July 2006, EnerTeck acquired the EnerBurn technology. The purchase price for the EnerBurn technology is as follows: (i) $1.0 million cash paid on July 13, 2006, and (ii) a promissory note for $2.0 million. In May of 2007, we made the initial payment of $500,000 plus interest against the loan. Prior to 2009 EnerTeck had determined that the life of the intellectual property was indefinite; therefore, the asset was not amortized. The Company tested its intangible assets for impairment as of December 31, 2008. As a result of an independent examination based on sales for the year ended December 31, 2008, the Company determined that an impairment of the asset in the amount of $825,000 was required to be recorded. Management made the decision during 2009 to change the characterization of its intellectual property to a finite-lived asset and to amortize the remaining balance of its intangible assets to the nominal value of $150,000 by the end of 2014, due to its determination that this now represents the scheduled end of its exclusive registration during that period. As a result, amortization expense of approximately $579,000 was recorded for the years ended December 31, 2010 and zero for years after 2010. Management made the decision effective December 31, 2010 to record an additional impairment of the asset in the amount of $868,000 as a result of the Company's inability to generate sufficient sales to support its previously recorded amount. This impairment adjustment results in a value of $150,000 being placed on the Company's intellectual property, which management believes is adequately supported by existing levels of sales and market data.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
NOTE 4 - INCOME TAXES	EnerTeck has incurred net losses since the merger with Gold Bond and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative operating loss carry-forward is approximately $20,303,000 at December 31, 2015, and expires beginning in 2023. Deferred income taxes consist of the following at December 31, 2015 and 2014: 2015 2014 Assets: Net operating loss carryforwards $ 7,118,000 $ 6,684,000 Other asset differences 85,000 124,000 Deferred compensation costs and other 1,535,000 1,335,000 Valuation allowance (8,738,000 ) (8,143,000 ) $ 0 $ 0 The change in the valuation allowance for the years ended December 31, 2015 and 2014, was $595,000 and $915,000, respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 5 - STOCKHOLDERS' EQUITY	During the year ended December 31, 2014, the Company sold 615,000 shares of its common stock for a total of $123,000. All shares were issued during the calendar year. During the first quarter of 2015, the Company sold to one accredited investor in a private placement offering 125,000 shares of common stock at $0.20 per share or $25,000 in the aggregate. During the second quarter of 2015, the Company sold to the same accredited investor in a private offering an additional 175,000 shares of common stock at $0.20 per share or $35,000 in the aggregate. During the first quarter of 2015, the Company sold to a shareholder/director 1,150,000 shares of common stock at $0.20 per share or $230,000 in the aggregate which funds were provided to the Company in the first quarter of 2015. These shares were issued during the first month of the second quarter of 2015. In addition, this shareholder/director and his affiliated investment company converted advances in the aggregate amount of $795,000 and forgave an additional $83,228 in accrued interest in exchange for 3,173,811 shares of common stock and warrants to acquire an additional 533,334 shares of common stock at $0.50 per share. Such conversion was effected pursuant to a Consolidated Conversion and Subscription Agreement (the "Conversion Agreement") entered into as of June 30, 2015 pursuant to which (i) $320,000 in advances from 2012 were converted into 533,334 Units of the Company at a conversion price of $0.60 per Unit with each Unit consisting of (a) two shares of common stock, and (b) a warrant to purchase one share of common stock, at an exercise price of $0.50 per share, (ii) $125,000 in advances from 2013 were converted into 357,143 shares of common stock at a conversion price of $0.35 per share; and (iii) $350,000 in advances from 2013 and 2014 were converted into 1,750,000 shares of common stock at a conversion price of $0.20 per share. During the first quarter of 2013, the Company granted 400,000 warrants to an unrelated third party for services rendered with an exercise price of $0.25 per share. Such warrants had a term of seven years. Pursuant to a Settlement Agreement and Release effective as of February 26, 2015, such warrants were cancelled and in place thereof the Company paid $62,500 and issued 100,000 shares of common stock, valued at $20,000, to such third party. This incremental cost for cancellation of the warrants resulted in a $82,500 charge to operations during the three months ended March 31, 2015. In connection therewith, the Company sold a shareholder/director 250,000 shares of common stock at $0.25 per share or $62,500 in the aggregate which funds were used to pay the amount payable under the aforesaid Settlement Agreement and Release. During the fourth quarter of 2015, the Company purchased certain domain names from an unrelated third party for consideration consisting of 10,000 shares of common stock and warrants to acquire an additional 13,000 shares of common stock exercisable at $0.50 per share. The total value of $8,497 was capitalized as a component of website costs on the balance sheet. The warrants have a term of five years.

STOCK WARRANTS AND OPTIONS

STOCK WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 6 - STOCK WARRANTS AND OPTIONS	Stock Warrants See Note 5 for information on the cancellation during the first quarter of 2015 of 400,000 warrants granted to an unrelated third party during the first quarter of 2013. During the second quarter of 2015, the Company issued 533,334 warrants to a shareholder/director in connection with the conversion of certain advances effected as of June 30, 2015 (see Note 5). The warrants are exercisable into 533,334 shares of common stock at an exercise price of $0.50 per share. During the fourth quarter of 2015, the Company issued 13,000 warrants to an unrelated third party in connection with the purchase of domain names (see Note 5). The warrants are exercisable into 13,000 shares of common stock at an exercise price of $0.50 per share. The fair value of warrants issued in 2015 at the date of grant was $4,797 and was capitalized as website rights for the year ended December 31, 2015, as estimated using the Black-Scholes Model with the following weighted average assumptions for fiscal year 2015: 2015 2014 Expected dividend yield 0.0% N/A Expected term 5 yrs N/A Expected volatility 272% N/A Risk-free interest rate 1.7% N/A Fair value per warrant $.37 N/A Other than the foregoing, there were no other warrants granted or exercised for the years ended December 31, 2015 and 2014. A total of zero and 400,048 warrants expired for the years ended December 31, 2015 and 2014, respectively. Warrants outstanding and exercisable as of December 31, 2015: Weighted Exercisable Number of Average Number of Exercise Price Warrants Remaining Life Warrant $0.60 3,590,000 0.5 3,590,000 $0.75 100,000 0.7 100,000 $0.50 166,667 1.9 166,667 $0.50 546,334 4.5 546,334 4,403,001 4,403,001 Stock Options In September 2003, shareholders of the Company approved an employee stock option plan (the "2003 Option Plan") authorizing the issuance of options to purchase up to 1,000,000 shares of common stock. The 2003 Option Plan is intended to give the Company greater ability to attract, retain, and motivate officers, key employees, directors and consultants; and is intended to provide the Company with the ability to provide incentives more directly linked to the success of the Company's business and increases in shareholder value. During the third quarter of 2013, the board of directors increased the number of shares reserved for issuance under the 2003 Option Plan from 1,000,000 to 1,250,000. During the fourth quarter of 2014, the board of directors approved the issuance of 124,167 additional employee stock options to cover services for the year 2014. These options have an exercise price of $0.30 per share and expire in five years from their issue date. The fair value of options at the date of grant was $24,747 and was recognized as non-cash compensation for the year ended December 31, 2014, as estimated using the Black-Scholes Model with the following weighted average assumptions: 2015 2014 Expected dividend yield N/A 0.0% Expected term N/A 5.0 yrs Expected volatility N/A 266% Risk-free interest rate N/A 1.7% Fair value per warrant N/A $.20 The expected term of the options and warrants represents the estimated period of time until exercise and is based on the Company's historical experience of similar option grants, giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior. For fiscal 2015 and 2014, expected stock price volatility is based on the historical volatility of our stock. The risk-free interest rate is based on the U.S. Treasury bill rate in effect at the time of grant with an equivalent expected term or life. The Company has not paid dividends in the past and does not currently plan to pay any dividends in the future. Information regarding activity for stock options under our plan is as follows: 2015 2014 Weighted Weighted average average Number of exercise Number of exercise shares price shares price Outstanding at beginning of year 823,369 $ .41 963,402 $ .56 Options granted 0 .00 124,167 .30 Options exercised 0 .00 0 .00 Options forfeited/expired 0 .00 (264,200 ) 0.89 Outstanding at end of year 823,369 $ .41 823,369 $ .41 Options exercisable at end of year 823,369 823,369 Non-vested options at end of year 0 0 Weighted-average Remaining contractual term – all options 2.2 yrs 3.2 yrs Weighted-average Remaining contractual term – vested options 2.2 yrs 3.2 yrs Fair value of options vested during the year $ 0 $ 24,747 Aggregate intrinsic value $ 0 $ 0

RELATED PARTY NOTES AND ADVANCE

RELATED PARTY NOTES AND ADVANCES	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 7 - RELATED PARTY NOTES AND ADVANCES	On July 7, 2009, the Company entered into a $100,000 unsecured promissory note with an officer, due on demand. Interest is payable at 12% per annum. Also, on December 11, 2009, the Company entered into a $50,000 note with a shareholder/director. Interest is 5% per annum. The principal balance of the note is due on the earlier of December 11, 2013, or upon completion by the Company of equity financing in excess of $1.0 million in gross proceeds. Interest on the loan is payable on the maturity date at the rate of 5% per annum. This note is now overdue for payment. On June 1, 2010, the Company entered into a $50,000 convertible promissory note with a shareholder/director which was and payable on June 1, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. The assignment of the conversion feature of the note resulted in a loan discount being recorded. The discount amount of $36,207 was being amortized over the original thirty-six month term of the debt as additional interest expense. Amortization for this loan was $0 and $12,069 for the years ended December 31, 2014 and 2013, respectively. This note is now overdue for payment. On June 1, 2010, the Company entered into $300,000 of convertible promissory notes with a shareholder/director which shall be due and payable on June 1, 2013 and accrue interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On July 20, 2010, the Company entered into $400,000 convertible promissory notes with a shareholders/director which shall be due and payable on July 20, 2013 and accrue interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. These notes are now overdue for payment. On December 10, 2010, the Company entered into $150,000 of convertible promissory notes with shareholders/director which shall be due and payable on December 10, 2013 and accrue interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On October 20, 2011, the Company entered into a $70,000 convertible promissory note with a shareholder/director which shall be due and payable on October 20, 2014 and accrue interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. During 2010, 2011 and 2012 such shareholder/director advanced the Company $100,000, $150,000 and $370,000 respectively. Such advances are due on demand and bear interest at 5%, 8% and 8% per annum respectively. During the second quarter of 2015, $320,000 of the advances during 2012 were converted into shares of common stock of the Company. During 2013, such shareholder/director advanced the Company $175,000 expected to be applied to stock subscriptions to be issued at a future date. Such advances do not bear interest. During the second quarter of 2015, all of these advances totaling $175,000 were converted into shares of common stock of the Company. During 2014, such shareholder/director advanced the Company $300,000 expected to be applied to stock subscriptions to be issued at a future date. Such advances do not bear interest. During the second quarter of 2015, all of these advances totaling $300,000 were converted into shares of common stock of the Company. See Note 5 for information of the conversion by such shareholder/director of such advances during the second quarter of 2015. During the third and fourth quarters of 2015 an additional $210,050 was contributed to the Company by investors toward the acquisition of stock; the shares of which have not been issued as of December 31, 2015. These amounts have been recorded as additional notes payable until such time as the respective stock is issued.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Note 8 - COMMITMENTS AND CONTINGENCIES	Office Lease - EnerTeck leases office space under a non-cancelable operating lease. Future minimum rentals due under non-cancelable operating leases with an original maturity of at least one-year are approximately as follow: 2016 52,000 2017 54,000 2018 54,000 2019 36,000 Total $ 196,000 This lease provides for a rent-free period as well as increasing rental payments. In accordance with generally accepted accounting principles, rent expense for financial statement purposes is being recognized on a straight-line basis over the lease term. A deferred lease liability arises from the timing difference in the recognition of rent expense and the actual payment of rent. Rent expense for the years ended December 31, 2015 and December 31, 2014 totaled $49,615 and $51,305, respectively. Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the years ended December 31, 2015 and 2014, the Company incurred recurring net losses of $1,255,000 and $1,290,000, respectively. In addition, at December 31, 2015, the Company has an accumulated deficit of $32,359,000. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company's continuation as a going concern is contingent upon its ability to obtain additional financing and to generate revenues and cash flow to meet its obligations on a timely basis. Management concedes that sales revenues for 2015 and 2014 and for years prior have been considerably less than earlier anticipated primarily due to circumstances which are making a continued effort to correct. Tests which were expected to be run and completed during 2013 and 2014 were, for reasons beyond the company's control either delayed, rescheduled or in some cases gave inconclusive results, such as the PEx river test. Management expected that marine, railroad and trucking sales would show significant increases in 2015 over what has been generated in the past. That has not materialized, as of yet. Delays in the completion of long term client demonstrations for several extremely large new clients which were initially intended to be completed during 2014 have caused problems which have been very hard to overcome. The PEx technology testing and analysis, which appeared to be extremely successful, was not completed due to financial reversals on the part of the independent testing company. Conclusive testing of the PEx technology will have to be totally redone to prove the marketability of the product line. On the upside, testing is underway for several large new domestic clients of our principal domestic distributor, which look extremely promising to date. Other tests are however finally close to completion. While it remains to be seen if all will be successful, it is believed that the final results will be in our favor and that the company will show significant improvement over the next two years. The Company has been able to generate working capital in the past through private placements and issuing promissory notes and believes that these avenues will remain available to the Company if additional financing is necessary. No assurance can be made that any of these efforts will be successful.

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 9 - CONCENTRATION OF CREDIT RISK	Financial instruments that potentially subject EnerTeck to concentration of credit risk are accounts receivable. Currently all Accounts Receivable are considered collectible. EnerTeck performs ongoing credit evaluations as to the financial condition of its customers. Generally, no collateral is required. EnerTeck at times has cash in bank in excess of Federal Deposit Insurance Corporation ("FDIC") insurance limits. For the year ended December 31, 2015, sales to each of two customers exceeded 10% of total sales, and aggregated to approximately 48% of total sales. Those two customers represented approximately 34% of total accounts receivable at December 31, 2015. For the year ended December 31, 2014, sales to each of three customers exceeded 10% of total sales, and aggregated to approximately 60% of total sales.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Summary Of Significant Accounting Policies Policies
Business and Basis of Presentation	EnerTeck Corporation, formerly Gold Bond Resources, Inc. was incorporated under the laws of the State of Washington on July 30, 1935. On January 9, 2003, the Company acquired EnerTeck Chemical Corp. ("EnerTeck Sub") as its wholly owned operating subsidiary. As a result of the acquisition, the Company is now acting as a holding company, with EnerTeck Sub as its only operating business. Subsequent to this transaction, on November 24, 2003, the Company changed its domicile from the State of Washington to the State of Delaware, changed its name from Gold Bond Resources, Inc. to EnerTeck Corporation. EnerTeck Sub, the Company's wholly owned operating subsidiary is a Houston-based corporation. It was incorporated in the State of Texas on November 29, 2000 and was formed for the purpose of commercializing a diesel fuel specific combustion catalyst known as EnerBurn (TM), as well as other combustion enhancement and emission reduction technologies for diesel fuel. EnerTeck's primary product is EnerBurn, and is registered for highway use in all USA diesel applications. The products are used primarily in on-road vehicles, locomotives and diesel marine engines throughout the United States and select foreign markets. During 2012, EnerTeck acquired a 40% membership interest in EnerTeck Environmental, LLC (Environmental). Environmental was formed for the purpose of marketing and selling diesel fuel emission reduction technology with the creators of such specific technology.
Principles of Consolidation	The consolidated financial statements include the accounts of EnerTeck Corporation and its wholly-owned subsidiary, EnerTeck Chemical Corp. All significant inter-company accounts and transactions are eliminated in consolidation.
Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with an original maturity of three (3) months or less to be cash and cash equivalents.
Inventory	Inventory primarily consists of market ready EnerBurn plus raw materials required to manufacture the products. Inventory has been valued at the lower of cost or market, using the average cost method. Included in inventory at December 31, 2010, were three large Hammonds EnerBurn doser systems amounting to $57,000 which were projected to be transferred to marine customers during 2010, but in 2011 were traded for injection units which are more universally adaptable to other customers. Included in inventory at December 31, 2015 and 2014, are various injector units and R & D Equipment amounting to $38,000 and $42,000, respectively. Finished product amounted to approximately $47,000 and $9,000 at December 31, 2015 and 2014, respectively: the remaining inventory comprises raw materials.
Accounts Receivable	Accounts receivable represent uncollateralized obligations due from customers of the Company and are recorded at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. The Company calculates this allowance based on historical write-offs, level of past due accounts and relationships with and economic status of the customers. Accounts are written off as bad debts when all collection efforts have failed and the account is deemed uncollectible. Management has provided allowances for doubtful accounts of $32,000 and $32,000 as of both December 31, 2015 and 2014.
Property and Equipment	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for on the straight-line or accelerated method over the estimated useful lives of the assets. The average lives range from five (5) to ten (10) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. Depreciation expense totaled $5,007 and $14,428 for the years ended December 31, 2015 and 2014, respectively.
Intangible Assets	The Company follows the provisions of FASB ASC 350, Goodwill and Other Intangible Assets Intellectual property and other intangibles are recorded at cost. Prior to 2009, the Company determined that its intellectual property had an indefinite life because it believed there was no legal, regulatory, contractual, competitive, economic or other factor to limit its useful life, and therefore would not be amortized. For other intangibles, amortization would be computed on the straight-line method over the identifiable lives of the assets. Management made the decision during 2009 to change the characterization of its intellectual property to a finite-lived asset and to amortize the remaining balance of its intangible assets to the nominal value of $150,000 by the end of 2012, due to its determination that this now represented the scheduled end of its exclusive registration during that year. As a result of a review by management of its intangible asset and policies related thereto as of December 31, 2010, it was determined that a further impairment was required to be recorded. This impairment served to reduce its intellectual property to an amount which management believes represents its fair value. This value would be considered a level 3 measurement under FASB ASC 820, Fair Value Measurements and Disclosures
Revenue Recognition	The Company follows the provisions of FASB ASC 605, Revenue Recognition, Revenues from sales of product and equipment are recognized at the point when a customer order has been shipped and invoiced.
Income Taxes	EnerTeck will compute income taxes using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on evidence from prior years, may not be realized over the next calendar year or for some years thereafter. The current and deferred tax provisions in the financial statements include consideration of uncertain tax positions in accordance with FASB ASC 740, Income Taxes
Income (Loss) Per Common Share	The basic net income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding. During the year ended December 31, 2014, EnerTeck entered into stock sales agreements with investors who contributed $123,000 in cash to the Company for 615,000 shares of common stock. During the year ended December 31, 2015, EnerTeck entered into stock sales agreements with investors who contributed $352,500 in cash to the Company for 1,700,000 shares of common stock. In addition, $877,000 of debt plus related interest expenses was removed from the books of the company through a Debt to Equity conversion in exchange for 3,173,811 shares of Enerteck Corporation common stock. Diluted net income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For 2015 and 2014, potential dilutive securities had a dilutive effect on the shareholders' equity in the company and were included in the calculation of diluted net loss per common share.
Management Estimates and Assumptions	The accompanying financial statements are prepared in conformity with accounting principles generally accepted in the United States of America which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Financial Instruments	The Company's financial instruments recorded on the balance sheet include cash and cash equivalents, accounts receivable, accounts payable and notes payable. The carrying amounts approximate fair value because of the short-term nature of these items.
Stock Options and Warrants	Effective January 1, 2006, EnerTeck began recording compensation expense associated with stock options and other forms of equity compensation in accordance with FASB ASC 718, Stock Compensation.
Taxes Collected	The Company collects sales taxes assessed by governmental authorities imposed on certain sales to customers. Sales taxes collected are included in revenues; net amounts paid are reported as expenses in the consolidated statement of operations.
Website Costs	As more fully described in Note 5, during 2015, the Company acquired the rights to various domain names relevant to its business. The cost of these domain names was $8,497 and has been capitalized as part of website costs on the balance sheet. Management intends to continually renew these domain names, therefore, they are considered nonamortizable intangible assets. In addition, during 2015, the Company incurred costs to modify and improve the functionality of its website. Such costs amounted to $32,737 and are being amortized over their expected useful life of five years. Amortization for 2015 was $3,930. Future amortization is expected to be as follows: $6,547 for 2016, 2017, 2018 and 2019, with final amortization of $2,618 in 2020.
Recently Issued Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers (Topic 606)", which supersedes the revenue recognition requirements in Accounting Standards Codification 605, Revenue Recognition. ASU 2014-09 stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for annual and interim reporting periods beginning on or after December 15, 2017, and limited early adoption is permitted. ASU 2014-09 permits the use of two transition methods, either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company has not yet selected a transition method, and is currently evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, " Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In April 2015, the FASB issued ASU 2015-03 – " Simplifying the Presentation of Debt Issuance Costs In July 2015, the FASB issued ASU 2015-11, " Inventory: Simplifying the Measurement of Inventory" In November 2015, the FASB issued ASU 2015-17, " Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, " Leases (Topic 842) In March 2016, the FASB issued ASU 2016-08, " Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) On March 30, 2016, the FASB issued ASU 2016-09, " Compensation - Stock Compensation Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property And Equipment Tables
Property and equipment	Useful Lives 2015 Amount 2014 Amount Furniture and fixtures 5-7 $ 64,016 $ 63,585 Equipment 5-7 301,734 301,734 Less: Accumulated Depreciation (363,393 ) (358,455 ) Net Property and Equipment $ 2,357 $ 6,864

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes Tables
Deferred income taxes	2015 2014 Assets: Net operating loss carryforwards $ 7,118,000 $ 6,684,000 Other asset differences 85,000 124,000 Deferred compensation costs and other 1,535,000 1,335,000 Valuation allowance (8,738,000 ) (8,143,000 ) $ 0 $ 0

STOCK WARRANTS AND OPTIONS (Tab

STOCK WARRANTS AND OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Warrants outstanding and exercisable	Weighted Exercisable Number of Average Number of Exercise Price Warrants Remaining Life Warrant $0.60 3,590,000 0.5 3,590,000 $0.75 100,000 0.7 100,000 $0.50 166,667 1.9 166,667 $0.50 546,334 4.5 546,334 4,403,001 4,403,001
Fair value of options	2015 2014 Expected dividend yield N/A 0.0% Expected term N/A 5.0 yrs Expected volatility N/A 266% Risk-free interest rate N/A 1.7% Fair value per warrant N/A $.20
Activity for stock options	2015 2014 Weighted Weighted average average Number of exercise Number of exercise shares price shares price Outstanding at beginning of year 823,369 $ .41 963,402 $ .56 Options granted 0 .00 124,167 .30 Options exercised 0 .00 0 .00 Options forfeited/expired 0 .00 (264,200 ) 0.89 Outstanding at end of year 823,369 $ .41 823,369 $ .41 Options exercisable at end of year 823,369 823,369 Non-vested options at end of year 0 0 Weighted-average Remaining contractual term – all options 2.2 yrs 3.2 yrs Weighted-average Remaining contractual term – vested options 2.2 yrs 3.2 yrs Fair value of options vested during the year $ 0 $ 24,747 Aggregate intrinsic value $ 0 $ 0
Stock Warrants [Member]
Fair value of options	2015 2014 Expected dividend yield 0.0% N/A Expected term 5 yrs N/A Expected volatility 272% N/A Risk-free interest rate 1.7% N/A Fair value per warrant $.37 N/A

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Tables
Future minimum rentals due	2016 52,000 2017 54,000 2018 54,000 2019 36,000 Total $ 196,000

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies Details Narrative
R & D Equipment included in inventory	$ 38,000	$ 42,000
Finished product inventory	47,000	9,000
Allowances for doubtful accounts	32,000	32,000
Depreciation expense	5,007	14,428
Proceed with investors contributed to company in cash	$ 352,500	$ 123,000
Proceed with common stock shares	1,700,000	615,000

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Less: Accumulated Depreciation	$ (363,393)	$ (358,455)
Net Property and Equipment	2,357	6,864
FurnitureAndFixtures [Member]
Net Property and Equipment	$ 64,016	63,585
FurnitureAndFixtures [Member] | Minimum [Member]
Estimated useful lives	5 years
FurnitureAndFixtures [Member] | Maximum [Member]
Estimated useful lives	7 years
Equipment [Member]
Net Property and Equipment	$ 301,734	$ 301,734
Equipment [Member] | Minimum [Member]
Estimated useful lives	5 years
Equipment [Member] | Maximum [Member]
Estimated useful lives	7 years

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets:
Net operating loss carryforwards	$ 7,118,000	$ 6,684,000
Other asset differences	85,000	124,000
Deferred compensation costs and other	1,535,000	1,335,000
Valuation allowance	(8,738,000)	(8,143,000)
Net Deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details Narrative
Operating loss carry-forward	$ 20,303,000
expiry year	2,023
Change in the valuation allowance	$ 595,000	$ 915,000

STOCK WARRANTS AND OPTIONS (Det

STOCK WARRANTS AND OPTIONS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Expected dividend yield		0.00%
Expected term		5 years
Expected volatility		266.00%
Risk-free interest rate		1.70%
Fair value per option		$ .20
Stock Warrants [Member]
Expected dividend yield	0.00%
Expected term	5 years
Expected volatility	272.00%
Risk-free interest rate	1.70%
Fair value per option	$ .37

STOCK WARRANTS AND OPTIONS (D26

STOCK WARRANTS AND OPTIONS (Details 1)	12 Months Ended
	Dec. 31, 2015shares
Number of Warrants	4,403,001
Exercisable Number of Warrants	4,403,001
Exercise Price $0.60 [Member]
Number of Warrants	3,590,000
Weighted Average Remaining Life	6 months
Exercisable Number of Warrants	3,590,000
Exercise Price $0.75 [Member]
Number of Warrants	100,000
Weighted Average Remaining Life	8 months 12 days
Exercisable Number of Warrants	100,000
Exercise Price $0.50 [Member]
Number of Warrants	166,667
Weighted Average Remaining Life	1 year 10 months 24 days
Exercisable Number of Warrants	166,667
Exercise Price $0.50 One [Member]
Number of Warrants	546,334
Weighted Average Remaining Life	4 years 6 months
Exercisable Number of Warrants	546,334

STOCK WARRANTS AND OPTIONS (D27

STOCK WARRANTS AND OPTIONS (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Stock Warrants And Options Details 2
Expected dividend yield		0.00%
Expected term		5 years
Expected volatility		266.00%
Risk-free interest rate		1.70%
Fair value per option		$ .20

STOCK WARRANTS AND OPTIONS (D28

STOCK WARRANTS AND OPTIONS (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of shares
Outstanding at beginning of year	823,369	963,402
Options granted	0	124,167
Options exercised	0	0
Options forfeited/expired	0	(264,200)
Outstanding at end of year	823,369	823,369
Weighted average exercise price
Outstanding at beginning of year	$ .41	$ .56
Options granted	.00	.30
Options exercised	0	0
Options forfeited/expired	0	0.89
Outstanding at end of period	$ .41	$ .41
Options exercisable at end of period	823,369	823,369
Non-vested options at end of period	0	0
Weighted-average Remaining contractual term all options	2 years 2 months 12 days	3 years 2 months 12 days
Weighted-average Remaining contractual term vested options	2 years 2 months 12 days	3 years 2 months 12 days
Fair value of options vested during the period	$ 0	$ 24,747
Aggregate intrinsic value	$ 0	$ 0

STOCK WARRANTS AND OPTIONS (D29

STOCK WARRANTS AND OPTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Stock Warrants And Options Details Narrative
Fair value of options at date of grant	$ 4,797	$ 24,747
Warrants expired	0	400,048

COMMITMENTS AND CONTINGENCIES30

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2015USD ($)
Commitments And Contingencies Details
2,016	$ 52,000
2,017	54,000
2,018	54,000
2,019	36,000
Total	$ 196,000

COMMITMENTS AND CONTINGENCIES31

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Commitments And Contingencies Details Narrative
Rent expense	$ 49,615	$ 51,305
Net Income (loss)	(1,255,117)	(1,290,499)
Accumulated deficit	$ (32,358,973)	$ (31,103,856)

CONCENTRATION OF CREDIT RISK (D

CONCENTRATION OF CREDIT RISK (Details Narrative)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Concentration Of Credit Risk Details Narrative
Percentage of exceeded of total sales from major customers	10.00%	10.00%
Percentage of aggregated of total sales from major customers	48.00%	60.00%
Percentage of accounts receivable from major customers	34.00%