Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property, plant and equipment [Abstract]

Property, plant and equipment

6. Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At December 31, 2019 and 2018, the Company’s property, plant and equipment, net consisted of the following:

	2019			2018
Computer equipment and software	$	18,862		$	39,193
Furniture and other equipment		1,885			63,479
Property, plant and equipment		20,747			102,672
Less: accumulated depreciation		(9,000	)		(31,335	)
Property, plant and equipment, net	$	11,747		$	71,337

Depreciation expense for the years ended December 31, 2019 and 2018 amounted to $9,621 and $6,764 respectively.