PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

6. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment from continuing operations consist of:

	December 31,
	2013			2012			2011
Machinery and equipment	$	562,610		$	562,610		$	562,610
Furniture and fixtures		91,928			91,928			91,928
Leasehold improvements		1,185,059			1,185,059			1,185,059
		1,839,597			1,839,597			1,839,597
Less accumulated depreciation and amortization		(1,839,597	)		(1,839,597	)		(1,839,597	)
	$	-		$	-		$	-

Total depreciation expense amounted to zero for each calendar year 2013, 2012 and 2011, respectively.

- 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.

+ References+ Details