Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2015

The Company’s property and equipment at March 31, 2015 and December 31, 2014:

	March 31,			December 31,
	2015			2014
Office equipment	$	15,137		$	15,137
Computer equipment		2,574			2,574
Leasehold improvements		20,014			20,014
		37,725			37,725
Less accumulated depreciation		(32,009	)		(31,531	)
	$	5,716		$	6,194

Depreciation expense charged to operations amounted to $478 and $912, respectively, for the three months ended March 31, 2015 and 2014.

- 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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