Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
6 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
Fixed Assets

NOTE 2 - FIXED ASSETS

 

Fixed assets consisted of the following at:

 

    June 30, 2014   December 31, 2013
Equipment   $ 106,861     $ 106,861  
Furniture & fixtures     3,964       3,964  
Leasehold improvements     274,637       274,637  
Less: accumulated depreciation     (194,296 )     (158,164 )
 Property and equipment, net   $ 191,166     $ 227,298  

 

Depreciation expense for the quarter ended June 30, 2014 and 2013 was $36,132 and $25,246, respectively.