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PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    Useful
Life
(Years)
    June 30, 2019     December 31, 2018  
Computer equipment and software     3     $ 6,499,205     $ 5,158,316  
Office equipment     4.6       145,229       145,229  
Leasehold improvements     5.4       81,933       81,933  
              6,726,367       5,385,478  
                         
Less accumulated depreciation             (5,078,393 )     (4,790,711 )
                         
            $ 1,647,974     $ 594,767  

 

See Note 6 – Operating and Finance Lease Obligations.

 

The following table discloses depreciation expense as reported in the statement of operations.

 

    For the Three Months Ended June 30,     For the Six Months Ended June 30,  
    2019     2018     2019     2018  
Depreciation included in cost of revenues   $ 134,629     $ 45,266     $ 216,062     $ 85,703  
Depreciation included in selling, general and administrative     43,633       17,796       71,620       34,560  
Total depreciation   $ 178,262     $ 63,062     $ 287,682     $ 120,263