Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    Estimated Life     June 30,2018     December 31, 2017  
Computers and equipment     5 years     $ 15,589     $ 13,582  
Furniture and fixtures     7 years       19,158       19,158  
Total property and equipment             34,747       32,740  
Accumulated depreciation             (11,660 )     (8,867 )
Total property and equipment, net           $ 23,087     $ 23,873  

 

Depreciation expense of approximately $1,300 was recognized for each of the three months ended June 30, 2018 and 2017 and approximately $2,800 was recognized for the six months ended June 30, 2018 and 2017 and classified in general and administrative expense in the accompanying unaudited condensed statements of operations.