Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    Useful Life (Years)     December 31, 2015     December 31, 2014  
Furniture and fixtures   7     $ 15,840     $ 4,270  
Computer equipment   5       9,696       5,487  
                       
            25,536       9,757  
Less: Accumulated depreciation and amortization           (4,848 )     (4,585 )
                       
Property and equipment, net         $ 20,688     $ 5,172  

 

Depreciation expense of approximately $1,900 and $3,500 was recognized for the years ended December 31, 2015 and 2014, respectively, and is classified in general and administrative expense in the accompanying Statements of Operations.