Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2012

NOTE 2 - PROPERTY AND EQUIPMENT


Property and equipment at March 31, 2012 and December 31, 2011 consists of the following:

		March 31, 2012		December 31, 2011
		(Unaudited)
Furniture and fixtures	$	51,617	$	51,617
Equipment		112,879		112,879
Leasehold improvements		148,359		148,359

		312,855		312,855
Less accumulated depreciation and amortization		(247,242)		(229,309)

	$	65,613	$	83,546

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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