Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)
3 Months Ended
Mar. 31, 2014
Property Equipment And Leasehold Improvements Tables  
Property and equipment

Property, equipment and leasehold improvements at cost, less accumulated depreciation, at March 31, 2014 and December 31, 2013 consisted of the following:

    March 31, 2014     December 31, 2013  
Furniture   $ 35,956     $ 31,539  
Equipment     1,593,444       26,022  
Leasehold improvements     3,342,372       10,400  
Subtotal     4,971,772       67,961  
Less accumulated depreciation     (128,955 )     (46,592 )
Total   $ 4,842,817     $ 21,369