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Property and Equipment, Net

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment, net consisted of the following at September 30, 2018 and December 31, 2017:

		September 30, 2018				December 31, 2017
		(unaudited)
Computer equipment		$	3,706,017			$	3,706,017
Website development			2,591,463				2,342,442
Furniture and fixtures			89,027				89,027
Leasehold improvements			32,726				32,726
Total property and equipment			6,419,233				6,170,212
Less: Accumulated depreciation			(5,839,714	)			(5,547,500	)
Total property and equipment, net		$	579,519			$	622,712

Depreciation expense for the three and nine months ended September 30, 2018 was $86,076 and $292,214, respectively, as compared to $101,801 and $355,348, respectively, for the three and nine months ended September 30, 2017.

The Company only holds property and equipment in the United States.  

4. Property and Equipment

Property and equipment consists of the following:

		December 31,
		2017				2016
Computer equipment		$	3,706,017			$	3,720,985
Website development			2,342,442				2,050,980
Furniture and fixtures			89,027				89,027
Leasehold improvements			32,726				32,726
Total property and equipment			6,170,212				5,893,718
Less: Accumulated depreciation			(5,547,500	)			(5,100,413	)
Total property and equipment, net		$	622,712			$	793,305

Depreciation expense, which includes amortization of website development costs, for the years ended December 31, 2017 and 2016 was $447,746 and $568,028, respectively.

The Company only holds property and equipment in the United States.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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