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Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Note 5 – Property and Equipment

Property and equipment consist of the following at March 31, 2015 and December 31, 2014:

	March 31, 2015			December 31, 2014
Equipment	$	50,945		$	14,189
Computer		4,085			3,469
Transaction verification servers		438,431			194,891
		493,461			212,549
Accumulated depreciation		(68,254	)		(22,359	)
Property and equipment, net	$	425,207		$	190,190

Depreciation expense is $46,600 and $333 for the three months ended March 31, 2015 and 2014, respectively.

- 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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