v3.19.3.a.u2
Property and Equipment
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Property, Plant and Equipment [Abstract]    
Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    Estimated Life   September 30, 2019     December 31, 2018  
Computers and equipment   5 years   $ 17,178     $ 15,589  
Furniture and fixtures   7 years     19,158       19,158  
Total property and equipment         36,336       34,747  
Accumulated depreciation         (19,137 )     (14,587 )
Total property and equipment, net       $ 17,199     $ 20,160  

 

Depreciation expense of approximately $1,600 was recognized for the three months ended September 30, 2019 and approximately $1,500 was recognized for the three months ended September 30, 2018. Depreciation expense of approximately $4,600 was recognized for the nine months ended September 30, 2019 and approximately $4,300 was recognized for 2018. Depreciation expense is classified in general and administrative expense in the accompanying unaudited condensed statements of operations.

NOTE 4 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    Estimated Life   December 31, 2018     December 31, 2017  
Computer equipment   5 years   $ 15,589     $ 13,582  
Furniture and fixtures   7 years     19,158       19,158  
Total property and equipment         34,747       32,740  
Accumulated depreciation         (14,587 )     (8,867 )
Property and equipment, net       $ 20,160     $ 23,873  

 

Depreciation expense of approximately $5,700 was recognized for each of the years ended December 31, 2018 and 2017, and is classified in general and administrative expense in the accompanying Statements of Operations.