Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2017
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following at June 30, 2017 and December 31, 2016: 

 

 

 

2017

 

 

2016

 

Furniture and fixtures

 

$

279,367

 

 

$

269,471

 

Automotive vehicles

 

 

202,143

 

 

 

202,143

 

Leasehold improvements

 

 

156,843

 

 

 

156,843

 

Computer equipment

 

 

113,125

 

 

 

105,114

 

Office equipment

 

 

50,985

 

 

 

37,871

 

     Property and equipment, gross

 

 

802,463

 

 

 

771,442

 

Less: accumulated depreciation

 

 

(495,418

)

 

 

(415,189

)

     Property and equipment, net

 

$

307,045

 

 

$

356,253

 

 

For the six months ended June 30, 2017 and 2016, depreciation expense related to property and equipment of $80,231 and $64,478, respectively, is included in depreciation and amortization expense.

 

Accumulated depreciation of leasehold improvements totaled $97,609 and $82,183 as of June 30, 2017 and December 31, 2016, respectively.