Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2014

NOTE 3 - PROPERTY AND EQUIPMENT

Property and equipment at June 30, 2014 and December 31, 2013 consist of the following:


		June 30, 2014		December 31, 2013
		(Unaudited)
Furniture and fixtures	$	20,000	$	20,000
Equipment		80,000		80,000

		100,000		100,000
Less accumulated depreciation and amortization		(18,750)		(6,250)

	$	81,250	$	93,750

Depreciation and amortization was $12,500 and $13,385 for the six months ended June 30, 2014 and 2013 respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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