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Furniture and Equipment
 12 Months Ended
Dec. 31, 2015
Furniture and Equipment  
Furniture and Equipment

NOTE 7 – Furniture and Equipment

 

The following is a summary of property and equipment, purchased, used and depreciated over a three-year period, less accumulated depreciation, as of December 31, 2015 and 2014:

 

 

 

Year Ended December 31,

 

 

2015

 

 

2014

Property and Equipment

$

966,936

 

$

924,319

Less:  Accumulated Depreciation

 

(252,182)

 

 

(121,292)

Net Property and Equipment

$

714,754

 

$

803,027

 

Depreciation expense on property and equipment was $166,744 and $20,340 for the years ended December 31, 2015 and 2014, respectively.