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PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2015

NOTE 4 – PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:

	March 31,		December 31,
	2015		2014

Computer equipment	$	35,820	$	35,820
Furniture and fixtures		54,016		54,016
		89,836		89,836

Less: accumulated depreciation		71,270		68,254

	$	18,566	$	21,582

Property and equipment consist of furniture and fixtures and computer equipment. The furniture and computer equipment are being depreciated over a period of from three to five years.

Depreciation expense for the three months ended March 31, 2015 and 2014 were $3,016 and $5,370, 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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