Annual report pursuant to Section 13 and 15(d)

NOTE 4 - PROPERTY AND EQUIPMENT

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NOTE 4 - PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 – PROPERTY AND EQUIPMENT


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


   

2018

   

2017

 

Computer equipment

  $ 105,447     $ 87,059  

Furniture and fixtures

    32,619       12,975  

Subtotal

    138,066       100,034  

Less accumulated depreciation

    (93,720

)

    (81,318

)

Property and equipment, net

  $ 44,346     $ 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 $12,403 and $11,698 for year ended December 31, 2018 and 2017, respectively.