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Property and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 7 – PROPERTY AND EQUIPMENT

 

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

 

    Useful lives   2018     2017  
                 
Building   50 years   $ 199,708     $ -  
Building improvements   15 years     9,086       -  
Leasehold improvements   9-10 years     3,355       3,355  
Office equipment   2-7 years     36,450       21,341  
Other equipment   5 years     42,485       42,485  
                     
Property and equipment, at cost         291,084       67,181  
Accumulated depreciation         (64,675 )     (37,429 )
                     
Property and equipment, net of accumulated depreciation       $ 226,409     $ 29,752  

  

For the years ended December 31, 2018 and 2017, the Company recorded depreciation expense of $107,296 and $30,288, respectively.