Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    December 31, 2017     December 31, 2016  
Office furniture and fixtures   $ 81,467     $ 64,712  
Computer equipment     29,894       29,066  
Rental equipment     40,298       26,017  
Appliques     2,160,096       2,160,096  
Website development     23,776       100,436  
                 
Less accumulated depreciation     (578,331 )     (401,989 )
                 
Total   $ 1,757,200     $ 1,978,338  

 

Depreciation expense was $259,386 and $266,803 for the years ended December 31, 2017 and 2016, respectively. The Company recognized fully amortized assets of $95,097, as a reduction in its gross assets offset against accumulated depreciation.