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

12 Months Ended

Dec. 31, 2023

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 follow:

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:

	2023	2022
Computers and equipment	$315,542	$315,542
Leasehold improvements	961,506	961,506
Furniture and fixtures	33,929	33,929
	1,310,977	1,310,977
Less accumulated depreciation	(1,240,400)	(1,223,804)
	$70,577	$87,173

Depreciation expense for the years ended December 31, 2023 and 2022, was $16,597 and $15,741, respectively.