Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.1
Property and Equipment
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of March 31, 2019 and December 31, 2018.

 

    March 31, 2019     December 31, 2018  
      (Unaudited)          
Furniture and fixtures   $ 57,000     $ 57,000  
Office equipment     51,000       51,000  
                 
      108,000       108,000  
Less: accumulated depreciation     (101,000 )     (97,000 )
                 
    $ 7,000     $ 11,000  

 

Depreciation expense amounted to $4,000 and $5,000 for three months ended March 31, 2019 and 2018, respectively.