Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.19.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

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

 

 

 

2018

 

 

2017

 

Furniture and fixtures

 

$

312,640

 

 

$

280,694

 

Automotive vehicles

 

 

215,127

 

 

 

215,127

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

159,838

 

 

 

121,992

 

Office equipment

 

 

53,484

 

 

 

53,483

 

Property and equipment, gross

 

 

897,932

 

 

 

828,139

 

Less: accumulated depreciation

 

 

(698,347

)

 

 

(564,272

)

Property and equipment, net

 

$

199,585

 

 

$

263,867

 

 

Property and equipment, net included $156,843 of leasehold improvements acquired under capital leases as of December 31, 2018 and 2017.  Accumulated depreciation of assets acquired under capital leases (Note 9) totaled $142,557 and $113,035 at December 31, 2018 and 2017, respectively. For the years ended December 31, 2018 and 2017, depreciation expense related to property and equipment was $134,075 and $149,085, respectively.