Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

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

 

    March 31, 2017     December 31, 2016  
             
Furniture and fixtures   $ 56,890     $ 56,890  
Office equipment     50,669       50,669  
                 
      107,559       107,559  
Less: accumulated depreciation     (60,798 )     (55,493 )
                 
    $ 46,761     $ 52,066  

 

Depreciation expense amounted to $5,305 and $5,826 for three months ended March 31, 2017 and 2016, respectively.