Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

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Property And Equipment
6 Months Ended
Jun. 30, 2011
Property And Equipment  
Note 4 - Property And Equipment

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

 

    2011   2010
                 
Computer equipment   $ 1,312     $ 1,312  
Equipment & Installation     1,037,172       479  
Total Equipment     1,038,484       1,791  
Less: accumulated depreciation     (1,285 )     (45 )
Property and equipment, net   $ 1,037,199     $ 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 six months ended June 30, 2011 and 2010, depreciation expense charged to operations was $1,241 and zero, respectively.