Quarterly report pursuant to Section 13 or 15(d)

NOTE 4 - PROPERTY AND EQUIPMENT

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NOTE 4 - PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 – PROPERTY AND EQUIPMENT


Property and equipment as of March 31, 2019 and December 31, 2018 is summarized as follows:


   

March 31,

2019

   

December 31,

2018

 

Computer equipment

  $ 117,469     $ 105,447  

Furniture and fixtures

    35,019       32,619  

Subtotal

    152,488       138,066  

Less accumulated depreciation

    (98,929

)

    (93,720

)

Property and equipment, net

  $ 53,559     $ 44,346  

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 $5,209 and $2,903 for three months ended March 31, 2019 and 2018, respectively.