PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2021

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

8. PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:

	September 30,		December 31,
	2021		2020
	(Unaudited)
Furniture, fixtures and equipment	$	220,130	$	218,430
Leasehold improvements		23,121		23,216
Computer trading and clearing system		3,473,208		3,468,346
Transport equipment		111,644		110,245
Sub-total		3,828,103		3,820,237
Less: accumulated depreciation		(3,611,973)		(3,382,241)
Property and equipment, net	$	216,130	$	437,996

Depreciation expense was $57,747 and $109,766 for the three months ended September 30, 2021 and 2020, respectively, and $225,389 and $356,756 for the nine months ended September 30, 2021 and 2020, respectively.