Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of September 30, 2017 and December 31, 2016.

 

    September 30, 2017     December 31, 2016  
    (Unaudited)        
Furniture and fixtures   $ 56,890     $ 56,890  
Office equipment     50,669       50,669  
                 
      107,559       107,559  
Less: accumulated depreciation     (71,583 )     (55,493 )
                 
    $ 35,976     $ 52,066  

 

Depreciation expense amounted to $16,090 and $16,467 for nine months ended September 30, 2017 and 2016, respectively.