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Property and Equipment
6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Property, Plant and Equipment [Abstract]    
Property and Equipment

NOTE 7 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at June 30, 2018 and December 31, 2017:

 

    Useful lives   2018     2017  
                 
Building   50 years   $ 205,944     $ -  
Building improvements   15 years     9,997       -  
Leasehold improvements   9-10 years     82,060       3,355  
Office equipment   2-7 years     31,018       21,341  
Other equipment   5 years     42,485       42,485  
                     
Property and equipment, at cost         371,504       67,181  
Accumulated depreciation         (47,727 )     (37,429 )
                     
Property and equipment, net of accumulated depreciation       $ 323,777     $ 29,752  

 

For the six months ended June 30, 2018 and 2017, the Company recorded depreciation expense of $10,298 and $20,841 respectively.

NOTE 8 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at December 31, 2017 and 2016:

 

    Useful lives   2017     2016  
                 
Leasehold improvements   9-10 years   $ 3,355     $ 3,355  
Office equipment   3-5 years     21,341       21,341  
Other equipment   5 years     42,485       42,485  
                     
Property and equipment, at cost         67,181       67,181  
Accumulated depreciation         (37,429 )     (7,141 )
                     
Property and equipment, net of accumulated depreciation       $ 29,752     $ 60,040  

 

For the year ended December 31, 2017 and 2016, the Company recorded depreciation expense of $30,288 and $7,141, respectively.