PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 10 - PROPERTY AND EQUIPMENT

Property and equipment consists of the following as of:

	As of December 31,
	2013			2012
Machines and equipment	$	63,172		$	5,554
Furniture and fixtures		49,787			39,177
Computer equipment		52,304			38,317
Leasehold improvements		53,040			20,435
Total property and equipment		218,303			103,483
Less accumulated depreciation and amortization		(164,545	)		(84,111	)
Net property and equipment	$	53,758		$	19,372

As a result of the Company’s acquisition of Rocky Mountain Hydroponics, LLC and Evergreen Garden Center, LLC (“RMH/EGC”), the Company acquired property and equipment totaling $109,318 in the aggregate (see “NOTE 6 – PURCHASE – ROCKY MOUNTAIN HYDROPONICS and EVERGREEN GARDEN CENTER”). Subsequent to its acquisition of RMH/EGC, the Company purchased an additional $5,500 of property and equipment related to its RMH/EGC stores. During the year ended December 31, 2013, the Company did not purchase any property and equipment related to its non-RMH/EGC business units.

As the result of the Company’s acquisition of Rocky Mountain Hydroponics, LLC and Evergreen Garden Center, LLC (“RMH/EGC”), the Company acquired accumulated depreciation and amortization totaling $58,205 in the aggregate. Subsequent to its acquisition of RMH/EGC, the Company recorded $10,374 of depreciation and amortization expense related to the property and equipment of RMH/EGC, while recording $11,855 of depreciation and amortization expense related to its non-RMH/EGC property and equipment during the year ended December 31, 2013. Total depreciation and amortization expense for the year ended December 31, 2013 was $22,229 as compared to $8,528 during fiscal year 2012.

The following is a summary of the Company’s property and equipment transactions during fiscal year 2013:

Property and equipment as of December 31, 2012	$	103,485
Property and equipment acquired via RMH/EGC acquisition		109,318
RMH/EGC property and equipment purchased post RMH/EGC acquisition		5,500
Total property and equipment as of December 31, 2013		218,303
Accumulated depreciation and amortization as of December 31, 2012		(84,111	)
Accumulated depreciation and amortization acquired via RMH/EGC acquisition		(58,205	)
RMH/EGC depreciation and amortization post acquisition		(10,374	)
Non-RMH/EGC depreciation and amortization FY 2013		(11,855	)
Total accumulated depreciation and amortization as of December 31, 2013		(164,545	)
Net property and equipment as of December 31, 2013	$	53,758