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Property, Plant and Equipment Disclosure

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment Disclosure

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment were comprised of the following at:

	March 31,2015	December 31, 2014
Capital Equipment	$ 1,938,698	$ 1,938,698
Leasehold improvements	36,686	36,686
Total Property Plant and Equip.	1,975,384	1,975,384
Accumulated Depreciation	(1,862,331)	(1,852,383)
Net Fixed Assets	$ 113,053	$ 123,001

- 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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