Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Fixed Assets

Note 4 - Fixed Assets

3 Months Ended

Jun. 30, 2012

NOTE 4 – FIXED ASSETS

Fixed assets, stated at cost, less accumulated depreciation at June 30, 2012 and December 31, 2011 consisted of the following:

	June 30, 2012	December 31, 2011

Furniture Fixtures and Equipment	$ 40,036	$	40,036

Molds for Sandals	48,650		-

Less accumulated depreciation	(10,058)		(4,841)


	$ 78,628	$	35,195

Depreciation expense

Depreciation expense for the six months ended June 30, 2012 and 2011 was 5,217 and $1,129.

Molds for sandals

As of June 30, 2012, the Company has not begun depreciating the cost of the sandals molds. The Company will begin depreciating the costs for the molds once production of the sandals product begins.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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