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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTYAND EQUIPMENT

 

Plant and equipment at March 31, 2019 and December 31, 2018 consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Cost:

 

 

 

 

 

 

Computer and software

 

$ 78,138

 

 

$ 77,157

 

Furniture and fittings

 

 

4,376

 

 

 

4,322

 

Office equipment

 

 

5,252

 

 

 

5,186

 

Plant and machinery

 

 

784,031

 

 

 

773,618

 

 

 

 

871,797

 

 

 

860,283

 

Less: accumulated depreciation

 

 

(337,305 )

 

 

(308,735 )

Property and Equipment, net

 

$ 534,492

 

 

$ 551,548

 

 

During the three months ended March 31, 2019 and 2018, the Company recorded depreciation of $24,027 and $27,532, respectively.