Blüm Holdings Inc. General form of registration statement for all companies including face-amount certificate companies

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

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

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

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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