桃汁影院, Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Property and Equipment

Property and Equipment

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Property and equipment:

5. Property and Equipment

Note 4. Property and Equipment

Property and equipment consisted of the following at March 31, 2013 and December 31, 2012:


	March 31, 2013			December 31, 2012
Call center	$	121,313		$	121,313
Computer and office equipment		61,037			45,718
Furniture and fixtures		32,914			11,336
Library (online)		100,000			100,000
Software		1,491,035			1,388,824
		1,806,299			1,667,191
Accumulated depreciation and amortization		(541,216	)		(455,871	)
Property and equipment, net	$	1,265,083		$	1,211,320

Depreciation and amortization expense for the three months ended March 31, 2013 and 2012 was $85,345 and $53,511, respectively. Accumulated depreciation amounted to $541,216 and $455,871 as of March 31, 2013 and December 31, 2012, respectively.

Amortization expense for software, included in the above amounts, for the three months ended March 31, 2013 and 2012 was $74,552 and $46,373, respectively. Software consisted of the following at March 31, 2013 and December 31, 2012:


	March 31, 2013			December 31, 2012
Software	$	1,491,035		$	1,388,824
Accumulated amortization		(361,296	)		(286,744	)
Software, net	$	1,129,739		$	1,102,080

The following is a schedule of estimated future amortization expense of software at March 31, 2013:


Year Ending December 31,
2013	$	223,655
2014		298,207
2015		298,207
2016		237,917
2017		71,753
Total	$	1,129,739

Note 5. Property and Equipment

Property and equipment consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012			2011

Call center	$	121,313		$	121,313
Computer and office equipment		45,718			38,577
Furniture and fixtures		11,336			-
Library (online)		100,000			100,000
Software		1,388,824			927,455
Vehicle		-			39,736
		1,667,191			1,227,081
Accumulated depreciation and amortization		(455,871	)		(229,972	)
Property and equipment, net	$	1,211,320		$	997,109

Depreciation and amortization expense for the years ended December 31, 2012 and 2011 was $256,363 and $85,662, respectively. Accumulated depreciation amounted to $455,871 and $229,972 as of December 31, 2012 and 2011, respectively.

Amortization expense for software, included in the above amounts, for the years ended December 31, 2012 and 2011 was $226,454 and $60,290, respectively. Software consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012			2011

Software	$	1,388,824		$	927,455
Accumulated amortization		(286,744	)		(60,290	)
Software, net	$	1,102,080		$	867,165

The following is a schedule of estimated future amortization expense of software at December 31, 2012:


Year Ending December 31,
2013	$	277,765
2014		277,765
2015		277,765
2016		217,474
2017		51,311
Total	$	1,102,080

- 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.

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