Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment, substantially all of which collateralizes long-term obligations (Notes 8 and 9), consisted of the following at: 

 

 

 

September 30,

2016

 

 

December 31,

2015

 

Furniture and fixtures

 

$

238,273

 

 

$

211,411

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Automotive vehicles

 

 

94,087

 

 

 

94,087

 

Computer equipment

 

 

96,956

 

 

 

89,203

 

Office equipment

 

 

37,871

 

 

 

29,140

 

 

 

 

624,030

 

 

 

580,684

 

Less: accumulated depreciation

 

 

(379,134

)

 

 

(281,807

)

 

 

$

244,896

 

 

$

298,877

 

 

As of September 30, 2016, property and equipment includes $243,970 of assets acquired under capital leases (Note 8). Accumulated depreciation of assets under capital leases totaled $148,500 as of September 30, 2016.