General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v2.4.0.6
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
Note 6. PROPERTY AND EQUIPMENT

Property and equipment at cost, less accumulated depreciation, at December 31, 2012 consisted of the following:

 

    December 31,     December 31,  
    2012     2011  
Furniture   $ 31,539     $ 34,421  
 Equipment     26,022       32,769  
 Leasehold improvements     10,400       10,400  
 Subtotal     67,961       77,590  
Less accumulated depreciation     (34,311 )     (22,771 )
Total   $ 33,650     $ 54,819  

 

Depreciation expense related to property and equipment for the years ended December 31, 2012 and 2011 was $14,088 and $15,794, respectively.