Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

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Property And Equipment
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    September 30, 2017   December 31, 2016
      (Unaudited)          
Equipment   $ 28,000     $ 28,000  
Furniture & fixtures     115,000       115,000  
Leasehold improvements     106,000       106,000  
      249,000       249,000  
Less: accumulated depreciation and amortization     (103,000 )     (68,000 )
   Property and Equipment, Net   $ 146,000     $ 181,000  

 

Depreciation and amortization expense for the nine months ended September 30, 2017 and 2016 was $35,000 and $33,000, respectively.