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Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2014

Note 4 – Property and Equipment

A summary of property and equipment at December 31, 2014 and 2013 is as follows:

	December 31,						Estimated Life
		2014			2013
Furniture and fixtures	$	1,818		$	18,660		7
IT Equipment and software		74,277			191,512		3-5
Total Property and Equipment		76,095			210,172
Less: Accumulated depreciation		(56,379	)		(164,226	)
Net Property and Equipment	$	19,716		$	45,946

The amounts charged to operations for depreciation for the years ended December 31, 2014 and 2013 was approximately $25,119 and $38,605, respectively. Due to the relocation of the Company’s corporate offices, property and equipment disposals were recorded in 2014 in the amount of $133,378.

- Definition

Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.

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