4 Property and Equipment

9 Months Ended

Sep. 30, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Note 4:  Property and Equipment

The Company's capital assets consist of warehouse units, computer equipment, office furniture and leasehold improvements for the new office.  Depreciation and amortization is calculated using the straight-line method over the estimated useful life of the asset, ranging from 18 months to 39 years.  Expenditures for additions and improvements are capitalized, while repairs and maintenance costs are expensed as incurred.  The cost and related accumulated depreciation of any capital assets that are sold or otherwise disposed of are removed from the accounts and any gain or loss is recorded in the year of disposal.

Fixed assets and related depreciation are as follows: 

	September 30, 2017			December 31, 2016
Computer equipment	$	5,672		$	5,672
Furniture and fixtures		7,777			7,777
Leasehold improvements		4,000			4,000
Warehouse units		861,000			861,000
Accumulated amortization and depreciation		(75,396	)		(58,246	)
Total fixed assets	$	803,053		$	820,203

Depreciation expense was $17,150 and $17,874 for the nine months ended September 30, 2017 and 2016, respectively. 

Depreciation expense was $5,496 and $6,003 for the three months ended September 30, 2017 and 2016, respectively.