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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

	2012		2011
Diving Vessel	$	325,000	$	325,000
Generator		7,420		-
Less: Accumulated Depreciation		168,197		135,414

Property and equipment, net	$	164,223	$	189,586

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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