Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

v3.7.0.1
Property And Equipment
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

         
    March 31,
2017
  December 31,
2016
      (Unaudited)          
Equipment   $ 150,000     $ 151,000  
Furniture & fixtures     116,000       116,000  
Leasehold improvements     381,000       381,000  
      647,000       648,000  
Less: accumulated depreciation and amortization     (463,000 )     (437,000 )
   Property and Equipment, Net   $ 184,000     $ 211,000  

 

Depreciation and amortization expense for the three months ended March 31, 2017 and 2016 was $27,000 and $29,000, respectively.