Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.7.0.1
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT.


At June 30, 2017 and December 31, 2016, property and equipment consisted of the following:


 

 

June 30,

 

 

December 31,

 

 

Depreciable Life

 

 

 

2017

 

 

2016

 

 

(Years)

 

Furniture and Fixtures

 

$

76,671

 

 

$

70,108

 

 

7

 

Computer Equipment

 

 

59,511

 

 

 

56,142

 

 

5

 

Leasehold Improvements

 

 

39,385

 

 

 

35,011

 

 

10

 

Total Fixed Assets

 

 

175,567

 

 

 

161,261

 

 

 

 

 

Less: Accumulated Depreciation

 

 

(74,409

)

 

 

(62,260

)

 

 

 

 

Total Fixed Assets, net

 

$

101,158

 

 

$

99,001

 

 

 

 

 


Non-cash depreciation expense for the three and six months ending June 30, 2017, respectively, and was $6,659 and $12,148 and $3,345 and $6,679 for the three and six months ended June 30, 2016, respectively.