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Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

NOTE 5 – PROPERTY AND EQUIPMENT, NET

Property and Equipment		US dollars
		December 31,
		2019				2018
Computers			348,790				315,486
Furniture and office equipment			270,394				233,439
Leasehold improvements			49,753				45,842
			668,937				594,767
Less – accumulated depreciation			(535,142	)			(444,988	)
			133,795				149,779

During the years ended December 31, 2019 and 2018, depreciation expenses amounted to $50,590, and $58,789, respectively, and new equipment purchases amounted to $23,432 and $5,371, respectively.

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- References

No definition available.

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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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