Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2018
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following at March 31, 2018 and December 31, 2017: 

 

 

 

2018

 

 

2017

 

Furniture and fixtures

 

$

291,948

 

 

$

280,694

 

Automotive vehicles

 

 

215,127

 

 

 

215,127

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

142,195

 

 

 

121,992

 

Office equipment

 

 

53,484

 

 

 

53,483

 

     Property and equipment, gross

 

 

859,597

 

 

 

828,139

 

Less: accumulated depreciation

 

 

(596,547

)

 

 

(564,272

)

     Property and equipment, net

 

$

263,050

 

 

$

263,867

 

 

Property and equipment, net included $156,843 of leasehold improvements acquired under capital leases as of March 31, 2018 and December 31, 2017.  Accumulated depreciation of leasehold improvements totaled $120,748 and $113,035 as of March 31, 2018 and December 31, 2017, respectively (Note 9).

 

For the three months ended March 31, 2018 and 2017, depreciation expense related to property and equipment was $32,275 and $42,650, respectively.