Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

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Property And Equipment
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements  
Note 4.Property And Equipment

Property and equipment at September 30, 2011 and December 31, 2010 are as follows:

 

    2011     2010  
             
Computer equipment   $ 1,312     $ 1,312  
Equipment & Installation     1,289,730       479  
Total Equipment      1,291,042       1,791  
                 
Less: accumulated depreciation       (2,347)       (45)  
Property and equipment, net   $ 1,288,695     $ 1,746  

 

As part of the reverse merger, the Company acquired office equipment with a fair value of $5,706.  The Company uses the straight-line method of depreciation over 3 to 10 years. During the years ended September 30, 2011 and 2010, depreciation expense charged to operations was $2,301 and zero, respectively.