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Fixed Assets and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

As of March 31, 2017 and December 31, 2016, fixed assets and intangible assets consisted of the following:

	March 31, 2017			December 31, 2016

Property and equipment	$	337,931		$	308,084
Less accumulated depreciation		(61,092	)		(50,698	)
Fixed assets, net	$	276,839		$	257,386

Depreciation expense for the three months ended March 31, 2017 and 2016 was $25,065 and $2,227, respectively. During the three months ended March 31, 2017, we sold fixed assets with an aggregate carrying value of $9,076 for $6,199 which resulted in loss on sale of fixed assets of $2,877.

	March 31, 2017			December 31, 2016

FOCUSfactor intellectual property	$	1,450,000		$	1,450,000
Intangible assets subject to amortization		5,373,017			5,373,017
Less accumulated amortization		(1,944,836	)		(1,677,583	)
Intangible assets, net	$	4,878,181		$	5,145,434