Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2014
Property and Equipment [Abstract]  
Property and Equipment

Note 3 – Property and Equipment

 

Property and equipment consisted of the following at June 30, 2014 and December 31, 2013:

 

    Lives     June 30, 2014     December 31, 2013  
                         
Office equipment      3-5 years     $ 143,919     $ 15,480  
Less: accumulated depreciation             (11,017     (1,560
Property and equipment, net           $ 132,902     $ 13,920  

 

Depreciation expense for the three months ended June 30, 2014 and 2013 was $8,052 and $0, respectively. Depreciation expense for the six months ended June 30, 2014 and 2013 was $9,457 and $0, respectively The Company wrote off certain some of its undepreciated property and equipment during the six months ended June 30, 2013 and recorded a loss of $4,122 on the disposition.