Verb Technology Company, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

3.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of December 31, 2014 and 2013.

	December 31,			December 31,
	2014			2013


Furniture and fixtures	$	54,361		$	13,493
Audio and visual equipment		40,461			-
Office equipment		45,301			15,852

		140,123			29,345

Less: accumulated depreciation		(16,316	)		(1,648	)

	$	123,807		$	27,697

Depreciation expense amounted to $14,668 and $1,648 for the year ended December 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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