PROPERTY & EQUIPMENT

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 5. PROPERTY & EQUIPMENT

Property & equipment consist of the following:

	September 30, 2016			December 31, 2015
Computer and software	$	21,461		$	20,571
Furniture and fittings		29,636			28,408
Office equipment		43,126			41,014
Renovations and improvements		329,119			298,093
Building		1,127,784			1,081,054
Total		1,551,126			1,469,140
Less: accumulated depreciation		(89,741	)		(46,138	)
Net	$	1,461,385		$	1,423,002

The depreciation expense charged to general and administrative expenses were $41,982 and $44,443 for the nine months ended September 30, 2016 and 2015, respectively.