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

NOTE 7 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    March 31, 2017     December 31, 2016  
Office furniture and fixtures   $ 93,244     $ 90,728  
Computer equipment     29,370       29,066  
Appliques     2,160,096       2,160,096  
Website development     108,451       100,436  
                 
Less accumulated depreciation     (473,617 )     (401,989 )
                 
Total   $ 1,917,544     $ 1,978,338  

 

Depreciation expense was $69,728 for the three months ended March 31, 2017. For the three months ended March 31, 2016 depreciation expense was $69,529.