XML 16 R8.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Oct. 31, 2012

Property, Plant and Equipment [Abstract]

NOTE 3. PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	October 31, 2012		January 31, 2012
Automobile	$	-	$	7,816
Accumulated depreciation		-		(2,768	)
Property and equipment, net	$	-	$	5,048

Depreciation expense totaled $0 and $1,303 for the nine months ended October 31, 2012 and the year ended January 31, 2012, respectively. As part of the Share Exchange, no property was transferred to the Company, and the carrying value of $5,048 was recognized as a loss as of October 31, 2012.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details