Quarterly report pursuant to Section 13 or 15(d)

5. Property and Equipment, net

v3.19.3
5. Property and Equipment, net
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
5. Property and Equipment, net

 

Property and equipment, net consists of the following:

 

    September 30,
2019		     December 31,
2018		  
Office and computer equipment   $ 42,289     $ 42,289  
Leasehold improvements     –       26,841  
Furniture and fixtures     14,738       20,263  
Property and equipment – at cost     57,027       89,393  
Less accumulated depreciation     (55,437 )     (84,437 )
Property and equipment – net   $ 1,590     $ 4,956  

 

Depreciation expense was approximately $1,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $3,000 and $13,000 for the nine months ended September 30, 2019 and 2018, respectively.