For the Periods Ended:

6/30/2015

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

14,200

     Current depreciation expense

10,300

10,300

Total accumulated depreciation

34,800

24,500

     Net property, plant and equipment

$220,750

$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 $10,300 at June 30, 2015 and $10,300 at June 30, 2014.