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Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2012

Note 4 – Property and Equipment

A summary of property and equipment at December 31, 2012 and 2011 is as follows:

December 31,	2012	2011

Furniture and fixtures	$ 13,402	$12,154
IT Equipment and software	164,946	149,852

Total Property and Equipment	178,348	162,006

Less: Accumulated depreciation	(125,621)	(75,365)

Net Property and Equipment	$ 52,727	$86,641

The amounts charged to operations for depreciation for the years ended December 31, 2012 and 2011 was approximately $50,256 and 44,735, respectively.

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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