Skye Bioscience, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EQUIPMENT

EQUIPMENT

3 Months Ended

Jan. 31, 2014

Property, Plant and Equipment [Abstract]

EQUIPMENT

NOTE 4 - EQUIPMENT

The following table shows the Company's equipment detail as of January 31, 2014 and October 31, 2013:

	2014			2013
Tractor	$	19,231		$	19,231
Trailer		28,241			28,241
Gross equipment at cost		47,472			47,472
Accumulated depreciation and amortization		(10,286	)		(7,912	)
Net equipment	$	37,186		$	39,560

Depreciation expense totaled $10,286 and $7,912 at January 31, 2014 and October 31, 2013, 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.

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