General form of registration statement for all companies including face-amount certificate companies

4. Property and Equipment, Net

v3.8.0.1
4. Property and Equipment, Net
 9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Property, Plant and Equipment [Abstract]    
Property and Equipment, Net

The Company has property and equipment as follows as of September 30, 2017 and December 31, 2016:

 

    September 30, 2017     December 31, 2016  
Furniture and Equipment   $ 12,385     $ 12,385  
Computer Equipment     90,015       42,654  
Leasehold Improvements     176,903       176,903  
Software     15,737       15,737  
Property and Equipment, Gross     295,040       247,679  
Less Accumulated Depreciation     (208,745 )     (157,218 )
Property and Equipment, Net   $ 86,295     $ 90,461  

 

During the three months ended September 30, 2017 and 2016, the Company recorded depreciation expense of $17,661 and $16,574, respectively. During the nine months ended September 30, 2017 and 2016, the Company recorded depreciation expense of $51,527 and $49,637, respectively.

The Company has property and equipment as follows as of December 31, 2016, and 2015:

 

    December 31. 2016     December 31, 2015  
Furniture and Equipment   $ 12,385     $ 12,385  
Computer Equipment     42,654       36,810  
Leasehold Improvements     176,903       176,903  
Software     15,737       15,737  
Property and Equipment, Gross     247,679       241,835  
Less Accumulated Depreciation     (157,218 )     (90,887 )
Property and Equipment, Net   $ 90,461     $ 150,948  

 

During the years ended December 31, 2016 and 2015, the Company recorded depreciation expense of $66,331 and $64,458, respectively.