Annual report pursuant to Section 13 and 15(d)

Fixed Assets

v2.4.0.8
Fixed Assets
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Fixed Assets

NOTE 2 - FIXED ASSETS

 

Fixed assets consisted of the following at December 31:

 

    2013   2012
Equipment   $ 103,530     $ 104,633  
Furniture & fixtures     7,295       3,964  
Leasehold improvements     274,637       274,637  
Less: accumulated depreciation     (158,164 )     (85,770 )
 Property and equipment, net   $ 227,298     $ 297,464  

Depreciation expense for the years ended December 31, 2013 and 2012 was $72,394 and $50,423, respectively.