For the Periods Ended:

9/30/2015

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

Less: disposal

(228,676)

0

Total property, plant and equipment

26,874

255,550

Less:

     Accumulated depreciation

24,500

14,200

     Current depreciation expense

12,220

10,300

Less: disposal

(34,800)

0

Total accumulated depreciation

1,920

24,500

     Net property, plant and equipment

$24,954

$231,050

Intangible assets consist of:

Goodwill

$256,000

$256,000

Intangible assets

7,751,031

7,751,031

Less:

Impairment

7,907,031

6,665,887

Net intangible assets

$100,000

$1,341,144

Depreciation expense was $12,220 at September 30, 2015 and $15,450 at September 30, 2014.