Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 3 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of March 31, 2016 and March 31, 2015.

 

    March 31, 2016     December 31, 2015  
    (Unaudited)        
             
Furniture and fixtures   $ 56,890     $ 56,890  
Office equipment     48,175       48,175  
                 
      105,065       105,065  
                 
Less: accumulated depreciation     (40,018 )     (34,192 )
                 
    $ 65,047     $ 70,873  

 

Depreciation expense amounted to $5,826 (unaudited) and $7,667 (unaudited) for the three months ended March 31, 2016 and 2015, respectively.