XML 35 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 7 – Property and Equipment

 

Property and equipment consisted of the following at December 31, 2017 and 2016:

 

December 31,  2017  2016
       
Furniture and Equipment  $708   $708 
Less:  Accumulated Depreciation   (298)   (71)
Net Property, Plant and Equipment  $410   $637 

 

For the years ended December 31, 2017 and 2016 depreciation expense was $227 and $71 respectively.

 

During the year ended December 31, 2017 the Company owned 300 gaming machines valued at $3,618,000 that were considered property and equipment.  During this period the Company expensed $258,325 in depreciation which is included in cost of sales. At December 31, 2017 these machines were returned to the vendor, due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017.