Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net

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Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2011
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, net at December 31, 2011 and 2010:

    2011     2010  
Furniture, computers and office equipment $  137,918   $  136,621  
Accumulated Depreciation   (91,404 )   (64,442 )
Net Book Value $  46,514   $  72,179  

     Depreciation expense for the years ended December 31, 2011 and 2010 was approximately $27,000. Asset lives are five 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 2011 and 2010.