Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.7.0.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2017
Property And Equipment  
PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT.


At March 31, 2017 and December 31, 2016, property and equipment consisted of the following:


 

 

March 31,

 

 

December 31,

 

 

Depreciable Life

 

 

 

2016

 

 

2015

 

 

(Years)

 

Furniture and Fixtures

 

$

71,977

 

 

$

70,108

 

 

7

 

Computer Equipment

 

 

56,142

 

 

 

56,142

 

 

5

 

Leasehold Improvements

 

 

41,177

 

 

 

35,011

 

 

10

 

Total Fixed Assets

 

 

169,296

 

 

 

161,261

 

 

 

 

 

Less: Accumulated Depreciation

 

 

(67,749

)

 

 

(62,260

)

 

 

 

 

Total Fixed Assets, net

 

$

101,547

 

 

$

99,001

 

 

 

 

 


Non-cash depreciation expense for the three months ending March 31, 2017 and 2016 was $5,489 and $3,334 respectively.