Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 7 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    June 30, 2017     December 31, 2016  
Office furniture and fixtures   $ 95,369     $ 90,728  
Computer equipment     38,915       29,066  
Appliques     2,160,096       2,160,096  
Website development     112,942       100,436  
                 
Less accumulated depreciation     (546,606 )     (401,989 )
                 
Total   $ 1,860,716     $ 1,978,337  

 

Depreciation expense was $137,658 for the six months ended June 30, 2017. For the six months ended June 30, 2016 depreciation expense was $133,656.