Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

NOTE 4 – PROPERTY AND EQUIPMENT

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


		December 31, 2014		December 31, 2013

Furniture & fixtures	$	20,000	$	20,000
Equipment		80,000		80,000

		100,000		100,000
Less accumulated depreciation and amortization		(31,250)		(6,250)

	$	68,750	$	93,750

Depreciation and amortization was $25,000 and $19,453 for the years ended December 31, 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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