Schedule of Property, Plant and Equipment |
For the Periods Ended: | 3/31/2015 | 12/31/2014 | | | | Property, plant and equipment consist of the following: | | | | | | Equipment | $247,750 | $247,750 | Computers and software | 7,400 | 7,400 | Other equipment | 400 | 400 | Total property, plant and equipment | 255,550 | 255,550 | Less: | | | Accumulated depreciation | 24,500 | 3,900 | Current depreciation expense | 5,150 | 20,600 | Total accumulated depreciation | 29,650 | 24,500 | | | | Net property, plant and equipment | $225,900 | $231,050 | | | | Intangible assets consist of: | | | | | | Goodwill | $256,000 | $256,000 | Intangible assets | 7,751,031 | 7,751,031 | Less: | | | Impairment | 6,665,887 | 6,665,887 | | | | Net intangible assets | $1,341,144 | $1,341,144 | | | | Depreciation expense was $5,150 at March 31, 2015 and $5,150 at March 31, 2014. |
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