XML 42 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2014
PROPERTY AND EQUIPMENT [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT


At March 31, 2014 and December 31, 2013 property and equipment consists of the following:

                         

 

 

March 31,

 

 

December 31,

 

 

Depreciable

Life

 

  

 

2014

 

 

2013

 

 

(Years)

 

Furniture & Fixtures

 

$

25,320

 

 

$

23,921

 

 

 

7

 

Computer Equipment

 

 

35,917

 

 

 

33,300

 

 

 

5

 

Total Fixed Assets

 

 

61,237

 

 

 

57,221

 

 

 

 

 

Less:  Accumulated Depreciation

 

 

(25,302

)

 

 

(22,722

)

 

 

 

 

Total Fixed Assets, net

 

$

35,935

 

 

$

34,499

 

 

 

 

 


Depreciation expense was $2,580, $1,909 and $25,302 for the three months ended March 31, 2014 and March 31, 2013 and for the period from May 20, 2010 (inception) to March 31, 2014, respectively.