General form of registration statement for all companies including face-amount certificate companies

FIXED ASSETS

FIXED ASSETS

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6. FIXED ASSETS

Fixed asset values recorded at cost are as follows:

	2011			2010

Furniture & Fixtures	$	2,560		$	2,560
Computers		6,511			6,511
Leasehold Improvements		4,198			4,198
		13,269			13,269
Less accumulated depreciation		(12,914	)		(12,494	)
Total	$	355		$	775

Depreciation expense in 2011 and 2010 was $420 each year.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details