NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Property and Equipment (Policies)

12 Months Ended

Dec. 31, 2021

Policies

Property and Equipment

Property and Equipment

Property and equipment are stated at cost. Depreciation is computed primarily using the straight-line method over the estimated useful lives of the related assets as follows:

Software	3 years
Computers and equipment	5 years
Furniture and fixtures	7 years
Leasehold improvements	Shorter of estimated life of improvement or the lease term

Property and equipment consist of the following at December 31:

	2021	2020
Computers and equipment	$312,870	$307,023
Leasehold improvements	1,067,934	1,067,934
Software	-	-
Furniture and fixtures	33,929	33,929
	1,414,733	1,408,886
Less accumulated depreciation	(1,356,132)	(1,345,919)
	$58,601	$62,967

Depreciation expense for the years ended December 31, 2021 and 2020, was $10,213 and $8,969, respectively.