Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.3.1.900
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2015
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2015 and 2014:

 

 

 

2015

 

 

2014

 

Furniture and fixtures

 

$

211,411

 

 

$

197,751

 

Leasehold improvements

 

 

156,843

 

 

 

150,000

 

Vehicles

 

 

94,087

 

 

 

86,364

 

Computer equipment

 

 

89,203

 

 

 

84,186

 

Office equipment

 

 

29,140

 

 

 

17,403

 

 

 

 

580,684

 

 

 

535,704

 

Less: accumulated depreciation

 

 

(281,807

)

 

 

(153,606

)

Property and equipment, net

 

$

298,877

 

 

$

382,098

 

 

Included in depreciation expense was $128,859 and $69,904 related to property and equipment for the years ended December 31, 2015 and 2014, respectively.

Property and equipment includes $250,813 of leasehold improvements, furniture and fixtures under capital leases as of December 31, 2015.  Accumulated depreciation of assets acquired under capital leases totaled $104,909 at December 31, 2015.