Annual report pursuant to section 13 and 15(d)

PROPERTY AND EQUIPMENT

v2.4.0.8
PROPERTY AND EQUIPMENT
12 Months Ended
Jun. 30, 2013
PROPERTY AND EQUIPMENT [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at June 30, 2013 and 2012:
 
 
 
2013
   
2012
 
 
 
   
 
Computer equipment
 
$
30,935
   
$
28,990
 
Equipment
   
34,209
     
32,942
 
Less: accumulated depreciation
   
(61,962
)
   
(60,848
)
Net property and equipment
 
$
3,182
   
$
1,084
 
 
Depreciation expense for the years ended June 30, 2013 and 2012 was $1,114 and $2,308, respectively.