Annual report pursuant to Section 13 and 15(d)

FIXED ASSETS

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FIXED ASSETS
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
FIXED ASSETS

NOTE 4 – FIXED ASSETS

 

Furniture fixtures and equipment, stated at cost, less accumulated depreciation at December 31 consisted of the following:

 

    December 31, 2012     December 31, 2011
Furniture Fixtures & Equipment  $ 109,186    $ 40,036 
Leasehold improvements   5,000      -
Less: accumulated depreciation   (25,262)     (4,841)
 Fixed assets, net $ 88,924    $ 35,195 

 

Depreciation expense

 

Depreciation expense for the years ended December 31, 2012 and 2011 0 was $20,421 and $3,124, respectively.