Note 5 – Fixed Assets and Intangible Assets
As of December 31, 2013 and December 31, 2012, fixed assets and intangible assets consisted of the following:
| December 31, 2013 | December 31, 2012 | |||||||
| Furniture and equipment | $ | 82,349 | $ | 38,209 | ||||
| Less accumulated depreciation | (25,896 | ) | (9,358 | ) | ||||
| Fixed assets, net | $ | 56,453 | $ | 28,851 | ||||
| December 31, 2013 | December 31, 2012 | |||||||
| Intangible assets | $ | 84,500 | $ | 84,500 | ||||
| Less accumulated depreciation | (50,700 | ) | (33,800 | ) | ||||
| Intangible assets, net | $ | 33,800 | $ | 50,700 | ||||
Depreciation and amortization expense for the periods ended December 31, 2013 and December 31, 2012 was $33,438 and $24,648, respectively. Annual amortization expense will be $16,900 per year through 2015.