PROPERTY AND EQUIPMENT

6 Months Ended

12 Months Ended

Jun. 30, 2014

Dec. 31, 2013

NOTE 4 - FIXED ASSETS

Fixed assets consist of the following:


	June 30, 2014					December 31, 2013
	(Unaudited)

Office building		$		406,858				$		-
Computer equipment			44,443						32,035
Furniture and fixtures			54,015						54,016
			505,316						86,051
Less: accumulated depreciation			(58,869		)				(48,040		)

	$		446,447				$		38,011

Fixed assets consist of furniture and fixtures, computer equipment, and real property which was acquired in May, 2014. The furniture and computer equipment are being depreciated over a period of from three to five years. The depreciable cost of the office building is being depreciated over a period of forty years.

4. PROPERTY & EQUIPMENT

Property and equipment consist of the following as of December 31, 2013 and 2012:


	2013			2012

Computer	$	32,035		$	32,035
Furniture		54,016			54,016
		86,051			86,051
Less depreciation		(48,040	)		(26,559	)

	$	38,011		$	59,492

- 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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