PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 2 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

	As of March 31, 2015		As of December 31, 2014
Cost:
Leasehold improvement	$	501,297	$	143,727
Furniture, fixtures and equipment		144,323		499,225

		645,620		642,952
Less: Accumulated depreciation		(251,426)		(215,833)

	$	394,194	$	427,119

Depreciation expense was $ 5,074 and $34,563 for the period ended March 31, 2014 and 2015 respectively.

- 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