Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Mar. 31, 2013

6. Property and Equipment

Property and Equipment is as follows:


	March 31, 2013		December 31, 2012
Computer hardware	$	64,759	$	64,759
Furniture and Fixtures		24,880		19,884
Leasehold improvements		18,171		13,876
		107,810		98,519
Less: Accumulated Depreciation		53,706		63,656
	$	54,104	$	34,863

Depreciation expense for the three months ended March 31, 2013 and 2012 was $3,929 and $3,000 respectively, and is recorded in depreciation and amortization expense in the accompanying condensed statements of comprehensive (loss) income.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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