Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following at December 31, 2016 and 2015:

 

 

 

2016

 

 

2015

 

Furniture and fixtures

 

$

269,471

 

 

$

211,411

 

Automotive vehicles

 

 

202,143

 

 

 

94,087

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

105,114

 

 

 

89,203

 

Office equipment

 

 

37,871

 

 

 

29,140

 

Property and equipment, gross

 

 

771,442

 

 

 

580,684

 

Less: accumulated depreciation

 

 

(415,189

)

 

 

(281,807

)

Property and equipment, net

 

$

356,253

 

 

$

298,877

 

 

Included in depreciation expense was $133,381 and $128,859 related to property and equipment for the years ended December 31, 2016 and 2015, respectively.

Property and equipment, net included $156,843 and $250,813 of leasehold improvements acquired under capital leases as of December 31, 2016 and 2015, respectively.  Accumulated depreciation of assets acquired under capital leases totaled $82,183 and $104,909 at December 31, 2016 and 2015, respectively. See Note 9.