v3.20.2
Fixed Assets
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 8 – Fixed Assets

 

Following table reflects net book value of furniture and equipment as of June 30, 2020 and December 31, 2019:

 

    Furniture and Equipment  
Useful Life   3 to 10 years  
       
Cost        
Balance as at December 31, 2019   $ 46,447  
Addition during the period     1,626  
Disposals during the period     (5,763 )
Translation rate differences     (2,583 )
Balance as at June 30, 2020   $ 39,727  
         
Accumulated depreciation        
Balance as at December 31, 2019   $ 42,775  
Depreciation expense for the period – continuing operations     1,249  
Disposals during the period     (5,499 )
Translation rate differences     (2,497 )
Balance as at June 30, 2020   $ 36,029  
Net book value as at June 30, 2020   $ 3,698  
Net book value as at December 31, 2019   $ 3,672