Quarterly report pursuant to sections 13 or 15(d)

Note 4 - Furniture and Equipment

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Note 4 - Furniture and Equipment
3 Months Ended
Jun. 30, 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)  

June 30,

2013

   

March 31,

2013

 
                   
Furniture and equipment 5   $ 2,545      $ 2,045   
Less accumulated depreciation       (147)       (24)  
      $ 2,398      $ 2,021   

 

 

Depreciation Expense

 

Depreciation expense is included in the statements of operations.  Depreciation expense was $123 and $0 for the interim period ended June 30, 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.