PROPERTY & EQUIPMENT

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Note 5. PROPERTY & EQUIPMENT

Property & equipment consist of the following:

	June 30,			December 31,
	2016			2015
Computer and software	$	21,924		$	20,571
Furniture and fittings		30,276			28,408
Office equipment		43,712			41,014
Renovations and improvements		332,004			298,093
Building		1,152,149			1,081,054
Total		1,580,065			1,469,140
Less: accumulated depreciation		(72,104	)		(46,138	)
Net	$	1,507,961		$	1,423,002

The depreciation expense charged to general and administrative expenses were $22,555 and $10,962 for the six months ended June 30, 2016 and 2015, respectively.