XML 88 R13.htm IDEA: XBRL DOCUMENT

7. PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

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

	December 31,			December 31,
	2014			2013
Land	$	100,000		$	-
Building		434,037			-
Office furniture and equipment		900,456			29,385
Leasehold improvements		41,421			-
Packaging		1,020,358			-
Other		97,642			-
		2,593,914			29,385
Less: accumulated depreciation and amortization		(745,366	)		(2,009	)
Property and equipment, net	$	1,848,548		$	27,376

Depreciation expense was approximately $832,000 and $2,000 for the years ended December 31, 2014 and 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.

+ References+ Details