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LAND AND BUILDINGS

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

NOTE 3 - LAND AND BUILDINGS

Land and buildings consisted of the following:

	March 31, 2013		December 31, 2012
	March 31, 2013		December 31, 2012

Land	$	285,371	$	285,371
Buildings and improvements, at cost		778,361		778,361
Furniture		955		955
		1,064,687		1,064,687
Less: accumulated depreciation		(246,166)		(241,826)
Land and Buildings, net	$	818,521	$	822,861

Depreciation expense was $4,340 and $7,824 for the periods ended March 31, 2013 and 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.

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