Other Balance Sheet Information

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Other Balance Sheet Information

Components of selected captions in the accompanying balance sheets consist of:

Prepaid expenses:	September 30, 2017 (unaudited)			December 31, 2016
Prepaid insurance	$	-		$	28,094
Prepaid expenses	$	-		$	28,094
Property and equipment:
Computers and office furniture, fixtures and equipment	$	28,031		$	28,031
Machinery and equipment		5,475			5,475
Less: accumulated depreciation		(33,506	)		(33,506	)
Property and equipment, net	$	-		$	-
Accrued expenses:
Other Accrued expenses	$	-			36,342
Accrued expenses	$	-			36,342

Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The Company’s property and equipment at September 30, 2017 consisted of computer and office equipment, machinery and equipment with estimated useful lives of three to seven years. As of December 31, 2016 and September 30, 2017, the Company’s property and equipment was fully depreciated.

Expenditures for repairs and maintenance are expensed as incurred.