General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.19.1
PROPERTY AND EQUIPMENT
 3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    March 31,
2019 		    December 31,
2018 		 
Leasehold improvements   $ 267,779     $ 256,920  
Vehicle     149,916       143,560  
Furniture and fixtures     134,872       132,088  
Computer Equipment     108,435       87,087  
Software     61,287       61,287  
Test Equipment     5,059       -  
      727,348       680,942  
Less: accumulated depreciation     (211,497 )     (178,796 )
TOTAL PROPERTY AND EQUIPMENT   $ 515,851     $ 502,146  

 

Depreciation expense for the three months ended March 31, 2019 and 2018 was $32,701 and $2,635, respectively.

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    Years Ended December 31,  
    2018     2017  
Leasehold improvements   $ 256,920     $ 30,367  
Vehicle     143,560       —  
Furniture and fixtures     132,088       41,685  
Computer Equipment     87,087       39,382  
Software     61,287       25,272  
      680,942       136,706  
Less: accumulated depreciation     (178,796 )     (123,850 )
TOTAL PROPERTY AND EQUIPMENT   $ 502,146     $ 12,856  

 

Depreciation expense for the years ended December 31, 2018 and 2017 was $54,946 and $13,439, respectively.