Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Note 4 - PROPERTY AND EQUIPMENT

The Company’s property and equipment at June 30, 2015 and December 31, 2014: 

 

    June 30,     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      (32,643 )     (31,531 )
    $ 5,082     $ 6,194  

 

Depreciation expense charged to operations amounted to $634 and $1,112, respectively, for the three and six months ended June 30, 2015; and $859 and $1,771, respectively, for the three and six months ended June 30, 2014.