Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY AND EQUIPMENT

The Company’s property and equipment at December 31, 2011 and 2010:

	2011			2010
Office equipment	$	9,229		$	5,732
Computer equipment		509			509
Leasehold improvements		20,014			20,014
		29,752			26,255
Less accumulated depreciation		(23,242	)		(21,951	)
	$	6,510		$	4,304

Depreciation expense charged to operations amounted to approximately $2,191 and $21,800, respectively, for the years ended December 31, 2011 and 2010.

- 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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