Quarterly report pursuant to Section 13 or 15(d)

3. Property and Equipment, Net

v3.19.3
3. Property and Equipment, Net
9 Months Ended
Sep. 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 September 30, 2019 and December 31, 2018:

 

   

September 30,

2019

   

December 31,

2018

 
Furniture and Equipment   $ 19,419     $ 12,385  
Computer Equipment     144,643       138,883  
Leasehold Improvements     14,182        
Software     15,737       15,737  
Property and Equipment, Gross     193,981       167,005  
Less Accumulated Depreciation     (119,594 )     (91,371 )
Property and Equipment, Net   $ 74,387     $ 75,634  

 

During the three months ended September 30, 2019 and 2018, the Company recorded depreciation expense of $9,378 and $7,955, respectively. During the nine months ended September 30, 2019 and 2018, the Company recorded depreciation expense of $28,223 and $31,653, respectively.