Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3 – Property and Equipment

Property and equipment stated at cost, less accumulated depreciation and amortization, consisted of the following:

	June 30, 2015			December 31, 2014			Estimated Useful Life
Computer Equipment	$	30,246			27,743		3 years
Equipment		264,260			244,150		5 years
Furniture & Fixtures		48,951			48,951		7 years
		343,457			320,844
Less: Accumulated depreciation and amortization		(109,328	)		(56,102	)
	$	234,129		$	264,742

(i) Impairment

The Company completed its annual impairment test of property and equipment and determined that there was no impairment as the fair value of property and equipment, exceeded their carrying values at December 31, 2014.

(ii) Depreciation and Amortization Expense

Depreciation and amortization expense was $53,225 and $7,624 for the six months ended June 30, 2015 and 2014, respectively.