Quarterly report pursuant to Section 13 or 15(d)

FIXED ASSETS

v2.4.0.6
FIXED ASSETS
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
FIXED ASSETS

NOTE 4 – FIXED ASSETS

 

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

 

    March 31, 2013   December 31, 2012
Furniture Fixtures & Equipment   $ 109,186     $ 109,186  
Leasehold improvements     5,000       5,000  
Less: accumulated depreciation     (35,929 )     (25,262 )
 Fixed assets, net   $ 78,257     $ 88,924  

 

Depreciation expense

 

Depreciation expense for the three months ended March 31, 2013 and March 31, 2012 was $10,667 and $2,608 respectively.