Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net

v2.4.0.8
Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment, net [Text Block]

Note 5. Property, Plant and Equipment, net

The following represents the detail of our property, plant and equipment (in millions), net at December 31, 2013 and 2012:

    2013     2012  

Furniture, computers and office equipment

$ 0.1   $ 0.1  

Accumulated depreciation

  (0.1 )   (0.1 )

Net book value

$   -   $   -  

Asset lives are 5 years and the depreciation method is straight line for all of the above assets. There was no gain or loss on disposition of assets in 2013 and 2012. During 2013 some of our furniture computers and office equipment reached the end of their five year initial estimated useful life but proved to have longer lives and are still in use. We did not reflect our change in the estimated useful life because the effect would have been immaterial.