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NOTE 5 - FIXED ASSETS, NET

6 Months Ended

Jun. 30, 2019

Notes

NOTE 5 - FIXED ASSETS, NET

NOTE 5 – FIXED ASSETS, NET

Fixed assets, net at June 30, 2019 and December 31, 2018 consist of the following:

	June 30,			December 31,
	2019			2018
Telecommunication equipment	$	245,686		$	245,686
Telecommunication software		400,903			400,903
Total fixed assets		646,589			646,589
Accumulated depreciation and amortization		(380,763)			(361,482)
Total Fixed assets	$	265,826		$	285,107

Depreciation expense for the six months ended June 30, 2019 and 2018 amounted to $19,281 and $3,275, respectively.

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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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