FIXED ASSETS

12 Months Ended

Dec. 31, 2012

Notes

FIXED ASSETS

NOTE 6 - FIXED ASSETS

As of December 31, 2012 and 2011, fixed assets consisted of the following:

	December 31,
		2012		2011
Transportation equipment	$	6,001	$	2,188
Less: accumulated depreciation		(1,482)		(353)
Property and equipment, net	$	4,519	$	1,835

During 2011, the Company sold a vehicle for total cash proceeds of $4,022, which equated to the carrying value of the asset, as such no gain or loss was recognized on the sale of the asset. During 2012 the Company collected $984 related to the sale of the vehicle in 2011 as such. Depreciation expense for the years ended December 31, 2012 and 2011 totaled $1,091 and $1,587, respectively. The difference in change in accumulated depreciation and depreciation expense recognized is due to the adjustments to foreign exchange difference.