Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

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Property And Equipment
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    September 30, 2016   December 31, 2015
    (Unaudited)    
Equipment   $ 151,082     $ 131,821  
Furniture & fixtures     115,503       86,943  
Leasehold improvements     381,450       381,450  
      648,035       600,214  
Less: accumulated depreciation and amortization     (410,745 )     (325,328 )
   Property and Equipment, Net   $ 237,290     $ 274,886  

 

Depreciation and amortization expense for the nine months ended September 30, 2016 and 2015 was $85,417 and $66,812, respectively.