Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

We record our property and equipment at cost and provide for depreciation using the straight-line method for financial reporting purposes and accelerated methods for income tax reporting purposes. Office equipment is depreciated over a five year period. The detail of property and equipment at December 31, 2012 and December 31, 2011is as follows:

	December 31, 2012			December 31, 2011
Computer equipment	$	20,391		$	20,391
Less: accumulated depreciation		(9,090	)		(5,012	)
	$	11,301		$	15,379

- 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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