Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of December 31, 2015 and 2014.

 

    December 31, 2015     December 31, 2014  
             
Furniture and fixtures   $ 56,890     $ 54,361  
Audio and visual equipment     -       40,461  
Office equipment     48,175       45,301  
                 
      105,065       140,123  
                 
Less: accumulated depreciation     (34,192 )     (16,316 )
                 
    $ 70,873     $ 123,807  

 

Depreciation expense amounted to $31,618 and $14,668 for the year ended December 31, 2015 and 2014, respectively.