General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.19.1
Property and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of December 31, 2018 and 2017.

 

    December 31, 2018     December 31, 2017  
             
Furniture and fixtures   $ 57,000     $ 57,000  
Office equipment     51,000       51,000  
                 
      108,000       108,000  
Less: accumulated depreciation     (97,00 )     (77,000 )
                 
    $ 11,000     $ 31,000  

 

Depreciation expense amounted to $20,000 and $22,000 for the year ended December 31, 2018 and 2017, respectively.