XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property and Equipment
 6 Months Ended
Jun. 30, 2016
Property and Equipment  
Property and Equipment

(5) Property and Equipment

 

Property and equipment consisted of the following:  

 

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

 

 

    

 

 

 

 

 

useful life

 

June 30,

 

December 31,

 

 

 

(in years)

 

2016

 

2015

 

Equipment

 

 5

 

$
139,526

 

$
139,526

 

Computer equipment

 

 3

 

 
27,111

 

 
23,632

 

Furniture and fixtures

 

 5

 

 
99,731

 

 
94,118

 

Total cost

 

 

 

 
266,368

 

 
257,276

 

Less accumulated depreciation

 

 

 

 
(57,081)

 

 
(29,630)

 

Property and equipment, net

 

 

 

$
209,287

 

$
227,646

 

 

Depreciation expense was $13,892 and $3,095 for the three months ended June 30, 2016 and 2015, respectively.  Depreciation expense was $27,450 and $4,542 for the six months ended June 30, 2016 and 2015, respectively.