Quarterly report pursuant to Section 13 or 15(d)

Note 4 - PROPERTY AND EQUIPMENT

Note 4 - PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2014

The Company’s property and equipment at September 30, 2014 and December 31, 2013:

	September 30,			December 31,
	2014			2013
Office equipment	$	15,137		$	14,649
Computer equipment		2,574			2,574
Leasehold improvements		20,014			20,014
		37,725			37,237
Less accumulated depreciation		(30,879	)		(28,392	)
	$	6,846		$	8,845

Depreciation expense charged to operations amounted to $715 and $2,486, respectively, for the three and nine months ended September 30, 2014, respectively, and $836 and $2,327, respectively, for the three and nine months ended September 30, 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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