Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

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

 

 

 

2017

 

 

2016

 

Furniture and fixtures

 

$

280,694

 

 

$

269,471

 

Automotive vehicles

 

 

215,127

 

 

 

202,143

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

121,992

 

 

 

105,114

 

Office equipment

 

 

53,483

 

 

 

37,871

 

Property and equipment, gross

 

 

828,139

 

 

 

771,442

 

Less: accumulated depreciation

 

 

(564,272

)

 

 

(415,189

)

Property and equipment, net

 

$

263,867

 

 

$

356,253

 

 

For the years ended December 31, 2017 and 2016, depreciation expense related to property and equipment was $149,085 and $133,381, respectively.

Property and equipment, net included $156,843 of leasehold improvements acquired under capital leases as of December 31, 2017 and 2016.  Accumulated depreciation of assets acquired under capital leases totaled $113,035 and $82,183 at December 31, 2017 and 2016, respectively (Note 9).