Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Furniture, fixtures and equipment, stated at cost, less accumulated depreciation and consisted of the following at:                

    June 30, 2015     December 31, 2014
Furniture Fixtures & Equipment  $ 164,120   $ 164,120
Leasehold improvements   12,230     12,230
Less: accumulated depreciation   (107,669)     (85,585)
 Fixed assets, net $ 68,681   $ 90,765

 

 

Depreciation expense

 

Depreciation expense for the six months ended June 30, 2015 and 2014 was $22,084 and $17,548, respectively.