Other Balance Sheet Information

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Other Balance Sheet Information

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

Prepaid expense:	September 30, 2018			December 31, 2017
Prepaid insurance	$	—		$	28,160
Total prepaid expense	$	—		$	28,160
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 expense:
Other Accrued expense	$	—		$	26,708
Total accrued expense	$	—		$	26,708

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, 2018 consisted of computer and office equipment, machinery and equipment with estimated useful lives of three to seven years. As of December 31, 2017 and September 30, 2018, the Company’s property and equipment was fully depreciated.

Expenditures for repairs and maintenance are expensed as incurred.