NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:

	March 31,			December 31,
	2015			2014
Office furniture and fixtures	$	74,542		$	69,411
Computer equipment		11,531			11,155
Website development		69,745			42,283
		155,818			122,849
Less accumulated depreciation		(69,837	)		(64,436	)

Total	$	85,981		$	58,413

Depreciation expense was $8,655 and $5,172 for the three months ended March 31, 2015 and 2014, 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.

+ References + Details