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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

6.

Property, Plant and Equipment

 

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At September 30, 2019 and December 31, 2018, the Company’s property, plant and equipment, net consisted of the following:

 

 

 

 

September 30,

2019

 

 

December 31,

2018

 

 

Computer equipment and software

 

$

18,862

 

 

$

39,193

 

 

Furniture and other equipment

 

 

1,885

 

 

 

63,479

 

 

      Property, plant and equipment

 

 

20,747

 

 

 

102,672

 

 

Less: accumulated depreciation

 

 

(8,076

)

 

 

(31,335

)

 

      Property, plant and equipment, net

 

$

12,671

 

 

$

71,337

 

 

Depreciation expense for the nine months ended September 30, 2019 and 2018 amounted to $8,697 and $3,227, respectively.