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PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT

 

 

 

September 30,

2017

 

 

December 31,

2016

 

Equipment

 

$215,161

 

 

$100,184

 

Furniture

 

 

61,306

 

 

 

10,113

 

Leasehold improvement

 

 

538,861

 

 

 

189,754

 

Less: accumulated depreciation

 

 

(154,596)

 

 

(45,365)

 

 

$660,732

 

 

$254,686

 

 

Property and equipment are stated at cost. Depreciation is computed on the straight-line method. The depreciation methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows:

 

Equipment

5 Years

Furniture and Fixtures

5 Years

Leasehold Improvement

3 Years

 

During the nine months ended September 30, 2017 and 2016, the depreciation cost was $109,651 and $20,947, respectively.