XML 73 R10.htm IDEA: XBRL DOCUMENT

Property and Equipment

1 Months Ended

Jan. 31, 2014

Property, Plant and Equipment [Abstract]

Note 3 - Property and Equipment:

Property and equipment on January 31, 2014 and December 31, 2013 are as follows:

	January 31, 2014		December 31, 2013		December 31, 2012
Machinery and Equipment	$	993,639	$	982,017	$	39,627
Leasehold Improvements		41,049		-		-
		1,034,689		982,017		39,627
Less: Accumulated Depreciation		56,662		52,521		22,176
	$	978,027	$	929,496	$	17,451

At January 31, 2014, December 31, 2013 and 2012, fixed assets in the amount of $826,340, $826,340 and $0, were not in service, respectively.

Depreciation expense charged to income for the one month ended January 31, 2014 and 2013 amounted to $4,141 and $1,087, respectively. Depreciation expense charged to income for the years ended December 31, 2013 and 2012 amounted to $33,891 and $12,564, respectively.

During the year ended December 31, 2013, a vehicle with an original cost of $18,889 and adjusted basis of $15,343 was raffled off during a marketing & promotion campaign.

- 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