Property and Equipment

6 Months Ended

Jun. 30, 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:

	June 30,			December 31,
	2017			2016
Furniture and office equipment	$	286,143		$	1,063,481
Vehicle		145,311			267,023
Office Building		-			3,948,058
Leasehold improvements		3,827			939,844
Total property and equipment		435,281			6,218,406
Less: accumulated depreciation		(317,892	)		(1,254,681	)
Property and Equipment, net	$	117,389		$	4,963,725

The Company recorded depreciation expense of approximately $32,549 and $200,631 for the three and six months ended June 30, 2017 and $34,000 and $68,000 for the three and six months ended June 30, 2016 respectively.