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Fixed Assets and Intangible Assets

3 Months Ended

Mar. 31, 2015

Assets

Fixed Assets and Intangible Assets

Note 5 – Fixed Assets and Intangible Assets

As of March 31, 2015 and December 31, 2014, fixed assets and intangible assets consisted of the following:

		March 31, 2015				December 31, 2014
Property and equipment		$	1,654			$	-
Less accumulated depreciation			(75	)			-
Fixed assets, net		$	1,579			$	-

		March 31, 2015				December 31, 2014
Intangible assets			3,041,030				-
Less accumulated depreciation			(77,167	)			-
Intangible assets, net		$	2,963,862			$	-

Depreciation and amortization expense for the three months ended March 31, 2015 and 2014 was $77,242 and $0, respectively. Annual amortization expense will be $408,206 per year through 2020.

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