Registration of securities issued in business combination transactions

Property and Equipment

v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    Estimated Life   December 31, 2019     December 31, 2018  
Computer equipment   5 years   $ 17,178     $ 15,589  
Furniture and fixtures   7 years     19,158       19,158  
Total property and equipment         36,336       34,747  
Accumulated depreciation         (20,680 )     (14,587 )
Property and equipment, net       $ 15,656     $ 20,160  

 

Depreciation expense of approximately $6,100 and $5,700 was recognized for each of the years ended December 31, 2019 and 2018, respectively, and is classified in general and administrative expense in the accompanying Statements of Operations and Comprehensive Loss.