PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2014

PROPERTY AND EQUIPMENT, NET [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT, NET

Fixed assets consist of the following:


	September 30, 2014		December 31, 2013
	(unaudited)

Office building	$	406,858	$	-
Computer equipment		42,843		32,035
Furniture and fixtures		54,015		54,016
		503,716		86,051
Less: accumulated depreciation		(66,304)		(48,040)

	$	437,412	$	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.

- 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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