Blüm Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2013

Property and equipment at cost, less accumulated depreciation, at September 30, 2013 consisted of the following:

	September 30,			December 31,
	2013			2012
Furniture	$	31,539		$	31,539
Equipment		26,022			26,022
Leasehold improvements		10,400			10,400
Subtotal		67,961			67,961
Less accumulated depreciation		(43,522	)		(34,311	)
Total	$	24,439		$	33,650

Depreciation expense related to property and equipment for the nine months ended September 30, 2013 was $9,211 and for the nine months ended September 30, 2012 was $7,903.

- 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.

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