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Note 5 - Property and Equipment

12 Months Ended

Jun. 30, 2013

Note 5 - Property and Equipment

Property and equipment consisted of the following as of March 31, 2013 and June 30, 2012.

		December 31,		June 30,
		2012		2012

Leasehold improvement	$	2,475	$	2,475
Furniture		26,837		26,837
Office equipment		1,500		1,499
Equipment		68,380		68,380
Systems		186,208		135,027

		285,400		234,218

Less: accumulated depreciation and amortization		(141,945)		(98,603)

Property and equipment, net	$	143,455	$	135,615

Depreciation and amortization expense amounted to $43,342, $34,711 and $137,378 for the nine months ended March 31, 2013 and 2012, and the period from January 29, 2007 (date of inception) through March 31, 2013, 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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