Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

Property And Equipment

6 Months Ended

Jun. 30, 2011

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

	2011		2010

Computer equipment	$	1,312	$	1,312
Equipment		1,037,172		479
		1,038,484		1,791

Less: accumulated depreciation		(52,839)		(45)
Property and equipment, net	$	985,645	$	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 June 30, 2011 and 2010, depreciation expense charged to operations was $52,794 and zero, respectively.

- 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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