Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property, Plant and Equipment and Intangible Assets

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Note 6 - Property, Plant and Equipment and Intangible Assets
3 Months Ended
Mar. 31, 2014
Notes  
Note 6 - Property, Plant and Equipment and Intangible Assets

 

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

 

 

 

 

For the Periods Ended:

3/31/2014

12/31/2013

 

 

 

Property, plant and equipment consist of the following:

 

 

 

 

 

Equipment

$45,650

$0

Computers and software

3,500

3,500

Other equipment

400

400

Total property, plant and equipment

49,550

3,900

Less:

 

 

     Accumulated depreciation

3,900

3,900

     Current depreciation expense

0

0

Total accumulated depreciation

3,900

3,900

 

 

 

     Net property, plant and equipment

$45,650

$0

 

 

 

Intangible assets consist of:

 

 

Intangible customer assets

7,751,031

$0

Goodwill

$256,000

$0

Less:

 

 

Impairment

0

0

 

 

 

Net intangible assets

$8,007,031

$0

 

 

 

Acquired assets have not yet been placed in service. No depreciation expense for the quarter.