Quarterly report pursuant to Section 13 or 15(d)

NOTE 5 - PROPERTY AND EQUIPMENT

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NOTE 5 - PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment is summarized as follows:

   
September 30, 2014
   
December 31, 2013
 
Leasehold improvements
 
$
30,557
   
$
30,557
 
Equipment, furniture and fixtures
   
1,024,002
     
1,001,920
 
     
1,054,559
     
1,032,477
 
Less: Accumulated depreciation
   
(875,264
)
   
(790,582
)
 Property and equipment, net
 
$
179,295
   
$
241,895
 

Depreciation and amortization expense related to these assets for the three and nine months ended September 30, 2014 was $28,196 and $84,682, respectively, as compared to $23,000 and $71,374 for the three and nine months ended September 30, 2013, respectively.