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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

 

The components of property and equipment are as follows:

 

    December 31,  
    2015     2014  
Land   $ 1,829,738     $ 1,829,738  
Buildings and improvements     10,001,146       9,997,562  
Furniture and equipment     2,362,143       2,296,531  
      14,193,027       14,123,831  
Less accumulated depreciation     (4,321,587 )     (3,743,521 )
                 
    $ 9,871,440     $ 10,380,310  

 

Depreciation expense for the years ended December 31, 2015 and 2014 amounted to $581,985 and $597,526, respectively.