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Property, Plant and Equipment Disclosure

3 Months Ended

Mar. 31, 2019

Notes

Property, Plant and Equipment Disclosure

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment were comprised of the following at:

	March 31, 2019	December 31, 2018
Capital Equipment	$           1,342,794	$                  1,342,794
Leasehold improvements	75,436	75,436
Accumulated Depreciation	(1,330,998)	(1,322,203)
Property and Equipment - Net	$               87,232	$                        96,027

For the three months ended March 31, 2019 we recognized depreciation expense in the amount of $8,794 and for the three months ended March 31, 2019 we recognized depreciation expense in the amount of $8,862

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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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