Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

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

 

    December 31, 2016     December 31, 2015  
             
Furniture and fixtures   $ 56,890     $ 56,890  
Office equipment     50,669       48,175  
                 
      107,559       105,065  
Less: accumulated depreciation     (55,493 )     (34,192 )
                 
    $ 52,066     $ 70,873  

 

Depreciation expense amounted to $21,302 and $31,618 for the year ended December 31, 2016 and 2015, respectively.