Quarterly report pursuant to Section 13 or 15(d)

5. Property and Equipment, net

v3.19.1
5. Property and Equipment, net
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

 

Property and equipment, net consists of the following:

    March 31,
2019
    December 31,
2018
 
Office and computer equipment   $ 42,288     $ 42,289  
Leasehold improvements           26,841  
Furniture and fixtures     14,738       20,263  
Property and equipment – at cost     57,026       89,393  
Less accumulated depreciation     (53,528 )     (84,437 )
Property and equipment – net   $ 3,498     $ 4,956  

 

Depreciation expense was approximately $1,000 and $6,000 for the three months ended March 31, 2019 and 2018, respectively.