Property and Equipment

12 Months Ended

Dec. 31, 2013

Note 5. Property and Equipment

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, 2013 and December 31, 2012 is as follows:

	December 31, 2013			December 31, 2012
Computer equipment	$	20,391		$	20,391
Less: accumulated depreciation		(12,149	)		(9,090	)
	$	8,242		$	11,301

Depreciation expense was $3,059 and $4,078 for the years ended December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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