Annual report pursuant to section 13 and 15(d)

Note 4 - Furniture and Equipment

v2.4.0.6
Note 4 - Furniture and Equipment
12 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
Furniture and Equipment

Note 4 – Furniture and Equipment

 

Furniture and equipment stated at cost, less accumulated depreciation consisted of the following:

 

  Estimated Useful Lives (Years)  

March 31,

2013

   

March 31,

2012

 
                   
Furniture and equipment 5   $ 2,045      $  
Less accumulated depreciation       (24)       -  
      $ 2,021      $  

 

 

Depreciation Expense

 

Depreciation expense is included in the statements of operations. Depreciation expense was $24 and $0 for the fiscal year ended March 31, 2013 and 2012, respectively.

 

Impairment

 

The management of the Company determined that there was no impairment of furniture and equipment for the fiscal year ended March 31, 2013 or 2012.