XML 1047 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

PROPERTY AND EQUIPMENT | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2014 | Dec. 31, 2013
PROPERTY AND EQUIPMENT [Abstract] |  |
PROPERTY AND EQUIPMENT | NOTE 4 - FIXED ASSETS Fixed assets consist of the following:
|  | June 30, 2014 |  |  | December 31, 2013 |  |
|  | (Unaudited) |  |  |  |  |
Office building |  | $ | 406,858 |  |  | $ | - |
Computer equipment |  |  | 44,443 |  |  |  | 32,035 |  |
Furniture and fixtures |  |  | 54,015 |  |  |  | 54,016 |  |
|  |  | 505,316 |  |  |  | 86,051 |  |
Less: accumulated depreciation |  |  | (58,869 | ) |  |  | (48,040 | ) |
|  | $ | 446,447 |  |  | $ | 38,011 |  |
Fixed assets consist of furniture and fixtures, computer equipment, and real property which was acquired in May, 2014. The furniture and computer equipment are being depreciated over a period of from three to five years. The depreciable cost of the office building is being depreciated over a period of forty years. | 4. PROPERTY & EQUIPMENT Property and equipment consist of the following as of December 31, 2013 and 2012:
|  | 2013 |  |  | 2012 |
Computer |  | $ | 32,035 |  |  | $ | 32,035 |
Furniture |  |  | 54,016 |  |  |  | 54,016 |
|  |  | 86,051 |  |  |  | 86,051 |
Less depreciation |  |  | (48,040 | ) |  |  | (26,559 | )
|  | $ | 38,011 |  |  | $ | 59,492 |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration