XML 19 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property and Equipment
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    Estimated Life   September 30, 2016     December 31, 2015  
Computer equipment   5 years   $ 10,274     $ 9,696  
Furniture and fixtures   7 years     23,325       15,840  
Total property and equipment         33,599       25,536  
Accumulated depreciation         (8,742 )     (4,848 )
Property and equipment, net       $ 24,857     $ 20,688  

 

Depreciation expense of approximately $1,300 and $400 was recognized for the three months ended September 30, 2016 and 2015, respectively, and approximately $3,900 and $1,000 was recognized for the nine months ended September 30, 2016 and 2015, respectively, and classified in general and administrative expense in the accompanying unaudited condensed statements of operations.