Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Property and Equipment

Note 4 - Property and Equipment

6 Months Ended

Jun. 30, 2012

NOTE 4 - PROPERTY AND EQUIPMENT

The Company’s property and equipment at June 30, 2012 and December 31, 2011 :

	June 30, 2012			December 31, 2011
Office equipment	$	9,229		$	9,229
Computer equipment		509			509
Leasehold improvements		20,014			20,014
		29,752			29,752
Less accumulated depreciation		(24,216	)		(23,242	)
	$	5,536		$	6,510

Depreciation expense charged to operations amounted to approximately $500 and $300, respectively, for the three months ended June 30, 2012 and 2011, respectively, and approximately $1,000 and $600 for the six months ended June 30, 2012 and 2011, respectively.

- 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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