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

Property and Equipment

v3.10.0.1
Property and Equipment
 9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Property, Plant and Equipment [Abstract]    
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of September 30, 2018 and December 31, 2017.

 

    September 30, 2018     December 31, 2017  
    (Unaudited)        
Furniture and fixtures   $ 56,890     $ 56,890  
Office equipment     50,669       50,669  
                 
      107,559       107,559  
Less: accumulated depreciation     (92,828 )     (77,005 )
                 
    $ 14,731     $ 30,554  

 

Depreciation expense amounted to $15,823 and $16,090 for nine months ended September 30, 2018 and 2017, respectively.

  3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of December 31, 2017 and 2016.

 

    December 31, 2017     December 31, 2016  
             
Furniture and fixtures   $ 56,890     $ 56,890  
Office equipment     50,670       50,670  
                 
      107,560       107,560  
Less: accumulated depreciation     (77,006 )     (55,494 )
                 
    $ 30,554     $ 52,066  

 

Depreciation expense amounted to $21,512 and $21,301 for the year ended December 31, 2017 and 2016, respectively.