Quarterly report pursuant to Section 13 or 15(d)

NOTE 4 - PROPERTY AND EQUIPMENT

v3.10.0.1
NOTE 4 - PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 – PROPERTY AND EQUIPMENT


Property and equipment as of September 30, 2018 and December 31, 2017 is summarized as follows:


   

September 30,

2018

   

December 31,

2017

 

Computer equipment

  $ 93,818     $ 87,059  

Furniture and fixtures

    27,890       12,975  

Subtotal

    121,708       100,034  

Less accumulated depreciation

    (90,124

)

    (81,318

)

Property and equipment, net

  $ 31,584     $ 18,716  

Property and equipment are stated at cost and depreciated using the straight-line method over their estimated useful lives of 3 to 5 years. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings.


Depreciation expense was $2,977 and $8,806 for the three and nine months ended September 30, 2018; and $2,834 and $8,900 for the three and nine months ended September 30, 2017, respectively.