PROPERTY & EQUIPMENT

3 Months Ended

Mar. 31, 2016

Property Equipment

Note 5. PROPERTY & EQUIPMENT

Property & equipment consist of the following:

	March 31, 2016			December 31, 2015
Computer and software	$	22,455		$	20,571
Furniture and fittings		31,009			28,408
Office equipment		44,770			41,014
Renovations and improvements		327,037			298,093
Building		1,180,036			1,081,054
Total		1,605,307			1,469,140
Less: accumulated depreciation		(64,648	)		(46,138	)
Net	$	1,540,659		$	1,423,002

The depreciation expense charged to general and administrative expenses were $13,410 and $10,962 for the three months ended March 31, 2016 and 2015, respectively.