Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment, net

v3.20.2
4. Property and Equipment, net
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
4. Property and Equipment, net

 

Property and equipment, net consists of the following:

 

    June 30,
2020		     December 31,
2019		  
Office and computer equipment   $ 42,289     $ 42,289  
Furniture and fixtures     14,738       14,738  
Property and equipment – at cost     57,027       57,027  
Less accumulated depreciation     (57,027 )     (56,270 )
Property and equipment – net   $ –     $ 757  

 

Depreciation expense was approximately $200 and $1,000 for the three months ended June 30, 2020 and 2019, respectively, and approximately $800 and $2,000 for the six months ended June 30, 2020 and 2019, respectively.