Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Property and Equipment (Policies)

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Note 2 - Property and Equipment (Policies)
9 Months Ended
Sep. 30, 2012
Policies  
Property and Equipment

Property and equipment

 

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the asset's estimated useful life, which is five years for furniture and all other equipment. Expenditures for maintenance and repairs are expensed as incurred.