XML 66 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
7. PROPERTY AND EQUIPMENT
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT

Property and equipment as of June 30, 2015 and December 31, 2014 consists of the following:

 

    June 30,     December 31,  
    2015     2014  
    (Unaudited)     (Audited)  
             
Machines and equipment   $ 63,172     $ 63,172  
Furniture and fixtures     49,787       49,787  
Computer equipment     52,304       52,304  
Leasehold improvements     56,965       56,965  
     Total property and equipment     222,228       222,228  
Less accumulated depreciation and amortization     (206,291 )     (198,186 )
     Net property and equipment   $ 15,937     $ 24,042  

 

Fixed assets, net of accumulated depreciation, were $15,937 and $24,042 as of June 30, 2015 and December 31, 2014, respectively. Accumulated depreciation was $206,091 and $198,186 as of June 30, 2015 and December 31, 2014, respectively. Total depreciation expense was $8,105 and $19,209 for the six months ended June 30, 2015 and 2014, respectively. All equipment is used for selling, general and administrative purposes and accordingly all depreciation is classified in selling, general and administrative expenses.

Property and equipment as of December 31, 2014 and 2013 consists of the following:

 

    December 31,     December 31,  
    2014     2013  
    (Audited)     (Audited)  
             
Machines and equipment   $ 63,172     $ 63,172  
Furniture and fixtures     49,787       49,787  
Computer equipment     52,304       52,304  
Leasehold improvements     56,965       53,040  
Total property and equipment     222,228       218,303  
Less accumulated depreciation and amortization     (198,186 )     (164,545 )
Net property and equipment   $ 24,042     $ 53,758  

 

Fixed assets, net of accumulated depreciation, were $24,042 and $53,758 as of December 31, 2014 and 2013, respectively. Accumulated depreciation was $198,186 and $164,545 as of December 31, 2014 and 2013, respectively. Total depreciation expense was $33,641 and $22,229 for the years ended December 31, 2014 and 2013, respectively. All equipment is used for selling, general and administrative purposes and accordingly all depreciation is classified in selling, general and administrative expenses.