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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;Property consists of equipment purchased for the production of revenues.
As of July 31:&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;Assets are depreciated over their useful lives beginning when placed
in service. Depreciation expenses were $45 and $78 for the three months ended July 31, 2013 and 2012 respectively.&lt;/p&gt;

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