Quarterly report pursuant to Section 13 or 15(d)

3. Property and Equipment, Net

v3.10.0.1
3. Property and Equipment, Net
 9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 3: Property and Equipment, Net

 

The Company has property and equipment as follows as of September 30, 2018 and December 31, 2017:

 

   

September 30,

2018

    

December 31,

2017

  
Furniture and Equipment   $ 12,385     $ 12,385  
Computer Equipment     138,883       117,256  
Leasehold Improvements     –       176,903  
Software     15,737       15,737  
Property and Equipment, Gross     167,005       322,281  
Less Accumulated Depreciation     (82,364 )     (227,615 )
Property and Equipment, Net   $ 84,641     $ 94,666  

 

During the three months ended September 30, 2018 and 2017, the Company recorded depreciation expense of $7,955 and $17,661, respectively. During the nine months ended September 30, 2018 and 2017, the Company recorded depreciation expense of $31,653 and $51,527, respectively.