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FIXED ASSETS

9 Months Ended

Sep. 30, 2013

NOTE 5 – FIXED ASSETS

Fixed assets consist of the following:

	September 30, 2013			December 31, 2012
Equipment	$	90,573		$	67,668
Furniture and fixtures		46,625			46,625
Leasehold improvements		11,980			11,980
		149,178			126,273
Accumulated depreciation		(101,786	)		(60,600	)
TOTAL FIXED ASSETS	$	47,392		$	65,673

Depreciation expense for the nine months ended September 30, 2013 and 2012 was $41,186 and $21,241, 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.

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