Note 4 - Property and Equipment and Construction in Progress

6 Months Ended

Jun. 30, 2014

Note 4 - Property and Equipment and Construction in Progress

NOTE 4 – PROPERTY AND EQUIPMENT AND CONSTRUCTION IN PROGRESS

Property and equipment consist of the following:

	June 30, 2014	December 31, 2013
Building improvement	$-	$16,594
Computer software	-	3,883
Furniture	-	27,324
Machinery and equipment	-	67,898
Motor vehicles	-	33,678
	-	149,377
Less: Accumulated depreciation	-	(4,799)
Net	-	144,578
Construction in progress	-	335,494
	$-	$480,072

The depreciation expense for the period ended June 30, 2014 and 2013 was $6,436 and $(-0-) 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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