Quarterly report pursuant to Section 13 or 15(d)

3. Property and Equipment, Net

v3.19.2
3. Property and Equipment, Net
6 Months Ended
Jun. 30, 2019
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 June 30, 2019 and December 31, 2018: 

 

    June 30, 2019     December 31, 2018  
Furniture and Equipment   $ 19,419     $ 12,385  
Computer Equipment     143,245       138,883  
Leasehold Improvements     2,935        
Software     15,737       15,737  
Property and Equipment, Gross     181,336       167,005  
Less Accumulated Depreciation     (110,216 )     (91,371 )
Property and Equipment, Net   $ 71,120     $ 75,634  

 

During the three months ended June 30, 2019 and 2018, the Company recorded depreciation expense of $9,725 and $4,601, respectively. During the six months ended June 30, 2019 and 2018, the Company recorded depreciation expense of $18,845 and $23,697, respectively.