Quarterly report pursuant to sections 13 or 15(d)

4. Property and Equipment

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4. Property and Equipment
3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment

At March 31, 2014 and December 31, 2013, property and equipment consists of the following:

 

    March 31,     December 31,  
    2014     2013  
                 
Office equipment   $ 65,051     $ 65,051  
Furniture and fixtures     4,075       4,075  
Subtotal     69,126       69,126  
Less accumulated depreciation     (36,811 )     (33,355 )
Total   $ 32,315     $ 35,771  

 

Depreciation expense for the three months ended March 31, 2014 and 2013 was $3,456 and $15,399, respectively. Depreciation expense for the period from inception (February 18, 1998) through March 31, 2013 was $549,831.