LONG-LIVED ASSETS

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment and Intangible Assets [Text Block]

NOTE 3.   LONG-LIVED ASSETS

Property and Equipment

Depreciation expense was $15,680 and $11,967, respectively, for the three months ended June 30, 2017 and 2016, and $31,696 and $24,126, respectively, for the six months ended June 30, 2017 and 2016.  We have not recognized any impairment as of June 30, 2017.

Intangible Assets

Intangible assets of $8,176 as of June 30, 2017, consisted of Chiefton brand and graphic designs, with a gross value of $69,400 and accumulated amortization of $61,224, which are being amortized over an estimated useful life of two years.

Amortization expense was $8,651 and $85,108, respectively, for the three months ended June 30, 2017 and 2016, and $17,207 and $170,215, respectively, for the six months ended June 30, 2017 and 2016.