Property and Equipment

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5 — PROPERTY AND EQUIPMENT

The components of property and equipment are as follows (in thousands of Korean Won):

	March 31, 2019			December 31, 2018
Office equipment	￦	219,980		￦	219,980
Fixtures and furniture		48,520			48,520
Other		285,113			285,112
Total, at cost		553,613			553,612
Less: Accumulated depreciation		(513,239	)		(509,388	)
Total, net	￦	40,374		￦	44,224

Depreciation expense amounted to ￦3,851 thousand and ￦4,032 thousand for the periods ended March 31, 2019 and 2018, respectively.

The components of lease property are as follows (in thousands of Korean Won):

	March 31, 2019			December 31, 2018
Right-of-use lease assets - operating	￦	450,933		￦	-
Less: Accumulated depreciation		(184,152	)		-
Right-of-use lease assets - operating, net	￦	266,781		￦	-

Amortization expense amounted to ￦31,512 thousand and nil for the periods ended March 31, 2019 and 2018, respectively.