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FIXED ASSETS
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
FIXED ASSETS
NOTE 8: FIXED ASSETS

 

Fixed assets at December 31, 2016 and December 31, 2015 are summarized in the table below:

 

Description   Useful Life
(Years)
  December 31,
 2016
  December 31,
2015
Land         $ 460,000     $  
Building     30        3,040,000        
Machinery and Equipment     3 - 7        1,393,226       97,100  
Furnitures and Fixtures           129,630        
Automobile           9,395        
Leasehold Improvements     7 - 15        284,037        
Total Fixed Assets             5,316,288       97,100  
Less: Accumulated Depreciation             (523,552 )     (38,840 )
CIP - Equipment             104,271        
Fixed Assets, net           $ 4,897,007     $ 58,260  

 

For the years ended December 31, 2016 and 2015, depreciation expense was $484,712 and $19,420, respectively. There were no additions during the year ended December 31, 2015. The additions to fixed assets of approximately $5,323,000 were primarily due to the acquisition of USC and subsequent fixed assets purchased by USC during 2016.