Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

6. Property and Equipment

The following is a breakdown of the Company’s property and equipment:

	March 31,			December 31,
	2017			2016
Furniture and office equipment	$	1,070,443		$	1,061,762
Vehicle		144,544			267,022
Office Building		3,969,632			3,948,058
Leasehold improvements		702,634			760,931
Total property and equipment		5,887,253			6,037,773
Less: accumulated depreciation		(1,126,277	)		(1,074,048	)
Property and Equipment, net	$	4,760,976		$	4,963,725

The Company recorded depreciation expense of approximately $168,082 and $34,000 for the three months ended March 31, 2017 and 2016 respectively.