Annual report pursuant to Section 13 and 15(d)

Property And Equipment

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Property And Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    December 31, 2016   December 31, 2015
         
Equipment   $ 151,000     $ 131,000  
Furniture and fixtures     116,000       87,000  
Leasehold improvements     381,000       381,000  
      648,000       599,000  
Less: accumulated depreciation and amortization     (437,000 )     (324,000 )
   Property and Equipment, Net   $ 211,000     $ 275,000  

 

Depreciation and amortization expense for the years ended December 31, 2016 and 2015 was $113,000 and, $98,000 respectively.