Quarterly report pursuant to Section 13 or 15(d)

5. Property and Equipment, net

v3.20.2
5. Property and Equipment, net
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
5. Property and Equipment, net

 

Property and equipment, net consists of the following:

    September 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  

 

There was no depreciation expense for the three months ended September 30, 2020. Depreciation expense was approximately $1,000 for the three months ended September 30, 2019 and approximately $800 and $3,000 for the nine months ended September 30, 2020 and 2019, respectively.