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PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2016
PROPERTY AND EQUIPMENT:  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment includes the following:

 

 

 

June 30,

2016

 

December 31,

2015

 

 

 

 (unaudited)

 

 

 (audited)

Computers and equipment

 

$

2,000

 

$

2,000

Furniture and workstations

 

 

1,700

 

 

1,700

 

 

 

3,700

 

 

3,700

Less: Accumulated depreciation

 

 

(2,697)

 

 

(1,773)

Net property and equipment

 

$

1,003

 

$

1,927

 

For the six month periods ended June 30, 2016 and 2015 (unaudited) we recognized $924 and $770 in depreciation expense, respectively. The acquired assets were placed in service on January 15, 2015 (see Note 3 - Intangible Assets). We are depreciating these assets over a period of twenty-four (24) months which has been deemed their useful life.