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 5. PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following at September 30, 2017 and December 31, 2016: 

 

 

 

2017

 

 

2016

 

Furniture and fixtures

 

$

280,694

 

 

$

269,471

 

Automotive vehicles

 

 

215,127

 

 

 

202,143

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

117,645

 

 

 

105,114

 

Office equipment

 

 

53,483

 

 

 

37,871

 

     Property and equipment, gross

 

 

823,792

 

 

 

771,442

 

Less: accumulated depreciation

 

 

(530,304

)

 

 

(415,189

)

     Property and equipment, net

 

$

293,488

 

 

$

356,253

 

 

For the nine months ended September 30, 2017 and 2016, depreciation expense related to property and equipment of $115,117 and $97,326, respectively, is included in depreciation and amortization expense.

 

Accumulated depreciation of leasehold improvements totaled $105,322 and $82,183 as of September 30, 2017 and December 31, 2016, respectively.