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

3. Property and Equipment, Net

v3.19.3.a.u2
3. Property and Equipment, Net
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 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, 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.

Note 3: Property and Equipment, Net

 

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

 

    December 31, 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     (91,371 )     (227,615 )
Property and Equipment, Net   $ 75,634     $ 94,666  

 

During the years ended December 31, 2018 and December 31, 2017, the Company recorded depreciation expense of $40,659 and $70,396.