Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.10.0.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2018
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following at June 30, 2018 and December 31, 2017: 

 

 

 

2018

 

 

2017

 

Furniture and fixtures

 

$

308,776

 

 

$

280,694

 

Automotive vehicles

 

 

215,127

 

 

 

215,127

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

147,496

 

 

 

121,992

 

Office equipment

 

 

53,484

 

 

 

53,483

 

     Property and equipment, gross

 

 

881,726

 

 

 

828,139

 

Less: accumulated depreciation

 

 

(630,056

)

 

 

(564,272

)

     Property and equipment, net

 

$

251,670

 

 

$

263,867

 

 

Property and equipment, net included $156,843 of leasehold improvements acquired under capital leases as of June 30, 2018 and December 31, 2017.  Accumulated depreciation of leasehold improvements totaled $128,271 and $113,035 as of June 30, 2018 and December 31, 2017, respectively (Note 9).

 

For the six months ended June 30, 2018 and 2017, depreciation expense related to property and equipment was $65,783 and $80,231, respectively.