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FIXED ASSETS

3 Months Ended

Jun. 30, 2013

NOTE 6 - FIXED ASSETS

As of June 30, 2013 and December 31, 2012, fixed assets consisted of the following:

.
		June 30, 2013			December 31, 2012
Transportation equipment	$	5,990		$	6,001

Less: accumulated depreciation		(1,944)			(1,482)
Property and equipment, net	$	4,046		$	4,519

Depreciation expense for the three months ended June 30, 2013 and 2012 totaled $298 and $257, respectively. Depreciation expense for the six months ended June 30, 2013 and 2012 totaled $589 and $541, respectively. The difference in change in accumulated depreciation and depreciation expense recognized is due to the adjustments to foreign exchange difference.

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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