PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2011

Property and Equipment consist of the following:

Property and Equipment:	Estimated Life	June 30, 2010			June 30, 2011
Computer and software	5 Years	$	18,749		$	0
Total Property and Equipment			18,749			0
Accumulated Depreciation			( 18,749	)		( 0	)
Total Property and Equipment, Net		$	-0-			0

- 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

National Asset Recovery Corp. 10-Q