Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2014

Note 3 – Property and Equipment

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

		September 30,			December 31,
	Lives	2014			2013

Office equipment	3-5 years	$	166,354		$	15,480
Less: accumulated depreciation			(25,343	)		(1,560	)
Property and equipment, net		$	141,011		$	13,920

Depreciation expense for the three months ended September 30, 2014 and 2013 was $14,326 and $0, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 was $23,783 and $0, respectively. The Company wrote off certain undepreciated property and equipment during the nine months ended September 30, 2013 and recorded a loss of $4,122 on the disposition.

- 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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