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, 2016
Notes  
Note 6 - Property, Plant and Equipment and Intangible Assets

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

 

 

For the Periods Ended:

3/31/2016

12/31/2015

 

 

 

Property, plant and equipment consist of the following:

 

 

 

 

 

Equipment

$21,074

$247,750

Computers and software

7,400

7,400

Other equipment

400

400

Less: disposal

0

(226,676)

Total property, plant and equipment

28,874

28,874

Less:

 

 

Accumulated depreciation

7,105

36,800

Current depreciation expense

5,150

5,105

Less: disposal

0

(34,800)

Total accumulated depreciation

12,255

7,105

 

 

 

     Net property, plant and equipment

$16,619

$21,769

 

 

 

Intangible assets consist of:

 

 

 

 

 

Goodwill

$256,000

$256,000

Intangible assets

7,751,031

7,751,031

Less:

 

 

Impairment

7,907,031

7,907,031

 

 

 

Net intangible assets

$100,000

$100,000

 

 

 

Depreciation expense was $5,105 at December 31, 2015 and $20,600 at December 31, 2014.