Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment, Net

v3.5.0.2
4. Property and Equipment, Net
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

The Company has property and equipment as follows as of September 30, 2016 and December 31, 2015:

 

    9/30/2016     12/31/2015  
Furniture and Equipment   $ 12,385     $ 12,385  
Computer Equipment     38,352       36,810  
Leasehold Improvements     176,903       176,903  
Software     15,737       15,737  
Property and Equipment, Gross     243,377       241,835  
Less Accumulated Depreciation     (140,525 )     (90,887 )
Property and Equipment, Net   $ 102,852     $ 150,948  

 

During the three months ended September 30, 2016 and 2015, the Company recorded depreciation expense of $16,574 and $16,674, respectively. During the nine months ended September 30, 2016 and 2015, the Company recorded depreciation expense of $49,637 and $46,501, respectively.