Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.5.0.2
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2016
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment, recorded at cost, consisted of the following at:

 

 

 

June 30,

2016

 

 

December 31,

2015

 

Furniture and fixtures

 

$

231,903

 

 

$

211,411

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Automotive vehicles

 

 

94,087

 

 

 

94,087

 

Computer equipment

 

 

93,810

 

 

 

89,203

 

Office equipment

 

 

32,873

 

 

 

29,140

 

 

 

 

609,516

 

 

 

580,684

 

Less: accumulated depreciation

 

 

(346,285

)

 

 

(281,807

)

Property and equipment, net

 

$

263,231

 

 

$

298,877

 

 

Included in depreciation expense was $64,478 and $62,115 related to property and equipment for the six months ended June 30, 2016 and 2015, respectively.

Property and equipment includes $243,970 of leasehold improvements, furniture and fixtures under capital leases as of June 30, 2016. Accumulated depreciation of assets under capital leases totaled $133,526 as of June 30, 2016.