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NOTE 5 - PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2018
Notes  
NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

As of September 30, 2018, the Company’s property and equipment consists of the following:

 

 

Estimated

 

September 30,

 

December 31,

 

Useful Lives

 

2018

 

2017

 

 

 

 

 

 

Land

n/a

 

$879,954  

 

$556,000  

Buildings and improvements

5-30 years

 

3,280,972  

 

1,782,199  

Office furniture and equipment

3-8 years

 

58,196  

 

 

Total

 

 

4,219,122  

 

2,338,199  

Less accumulated depreciation

 

 

(196,130) 

 

(135,926) 

Net property and equipment

 

 

$4,022,992  

 

$2,202,273  

 

For the nine months ended September 30, 2018 and 2017, the Company had depreciation expense of $48,403 and $12,847, respectively.