Property and Equipment

6 Months Ended

Jun. 30, 2017

Property Plant And Equipment [Abstract]

Property and Equipment

Note 3. Property and Equipment

Property and equipment consisted of the following at June 30, 2017 and December 31, 2016:

	June 30, 2017			December 31, 2016
Computer equipment	$	-		$	29,290
Furniture and fixtures		5,047			6,347
Leasehold improvements		6,728			6,728
Office equipment		1,580			1,580
		13,355			43,945
Less: accumulated depreciation		(7,884	)		(35,014	)
Property and equipment, net	$	5,471		$	8,931

Depreciation expense for the three-months ended June 30, 2017 and 2016 was $996 and $3,522, respectively. Depreciation expense for the six-months ended June 30, 2017 and 2016 was $2,853 and $7,164, respectively. During the six months ended June 30, 2017 the Company disposed of furniture and fixtures with a net book value of $607 for proceeds of $300, resulting in a loss of $307 on disposal of property and equipment.