Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment

v2.4.0.6
Note 4 - Property and Equipment
12 Months Ended
Dec. 31, 2012
Notes  
Note 4 - Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT

 

The Company’s property and equipment at December 31, 2012 and 2011:

 

  

 

2012

 

 

2011

 

Office equipment

 

$

10,049

 

 

$

9,229

 

Computer equipment

 

 

509

 

 

 

509

 

Leasehold improvements

 

 

20,014

 

 

 

20,014

 

 

 

 

30,572

 

 

 

29,752

 

Less accumulated depreciation

 

 

(25,230

)

 

 

(23,242

)

 

 

$

5,342

 

 

$

6,510

 

 

Depreciation expense charged to operations amounted to approximately $1,988 and $2,191, respectively, for the years ended December 31, 2012 and 2011.