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

NOTE 7 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    September 30, 2017     December 31, 2016  
Office furniture and fixtures   $ 98,115     $ 90,729  
Computer equipment     42,180       29,066  
Appliques     2,160,096       2,160,096  
Website development     114,985       100,436  
                 
Less accumulated depreciation     (618,859 )     (401,989 )
                 
Total   $ 1,796,517     $ 1,978,338  

 

Depreciation expense was $67,893 and $205,569 for the three and nine months ended September 30, 2017, respectively. For the three and nine months ended September 30, 2016 depreciation expense was $63,969 and $197,625, respectively.