Quarterly report pursuant to sections 13 or 15(d)

NOTE 4 - PROPERTY AND EQUIPMENT

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NOTE 4 - PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment is summarized as follows:

   
March 31, 2014
   
December 31, 2013
 
Leasehold improvements
 
$
30,557
   
$
30,557
 
Equipment, furniture and fixtures
   
1,001,920
     
1,001,920
 
     
1,032,477
     
1,032,477
 
Less: Accumulated depreciation
   
(818,912
)
   
(790,582
)
                 
 Property and equipment, net
 
$
213,565
   
$
241,895
 

Depreciation and amortization expense related to these assets for the three months ended March 31, 2014 and 2013 was $28,330 and $27,353, respectively.