Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

4. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	December 31, 2014			December 31, 2013

Furniture and equipment	$	31,779		$	73,558
Computers and software		10,743			19,711
Website		25,052			25,052
Leasehold improvements		—			32,743
	$	67,574		$	151,064
Less, accumulated depreciation		(34,223	)		(59,552	)
Property and equipment, net	$	33,351		$	91,512

During the year ended December 31, 2014, the Company realized a loss on the disposal of fixed assets in the amount of $13,527. Depreciation expense for the years ended December 31, 2014 and 2013 was $26,219 and $28,584, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

HW Holdings, Inc. 10-K