Quarterly report pursuant to Section 13 or 15(d)

NOTE 3. PROPERTY & EQUIPMENT

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NOTE 3. PROPERTY & EQUIPMENT
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
NOTE 3. PROPERTY & EQUIPMENT

Property and equipment values recorded at cost are as follows:

 

   

June 30,

2015

    December 31,
2014
 
             
Office and Lab Equipment    $ 32,127     $ 32,127  
Furniture and fixtures      11,556       11,556  
      43,683       43,683  
                 
Less accumulated depreciation      (43,598 )     (43,229 )
Net    $ 85     $ 454  

  

Depreciation expense for the six months ended June 30, 2015 and 2014 was $369 and $388, respectively.