NOTE 4 - PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment is summarized as follows:

	September 30, 2016			December 31, 2015
Leasehold improvements	$	30,557		$	30,557
Equipment, furniture and fixtures		1,736,464			1,471,268
		1,767,021			1,501,825
Less: Accumulated depreciation		(1,250,985	)		(1,076,478	)
Property and equipment, net	$	516,036		$	425,347

Depreciation expense related to these assets was $58,222 and $174,507 respectively for the three and nine months ended September 30, 2016 as compared to $38,920 and $116,927 for the three and nine months ended September 30, 2015. 

Property and equipment under capital leases are summarized as follows:

	September 30, 2016			December 31, 2015
Equipment, furniture and fixtures		521,905			433,536
Less: Accumulated depreciation		(310,061	)		(232,228	)
Property and equipment, net	$	211,844		$	201,308