Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.7.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 4 – PROPERTY AND EQUIPMENT, net

 

Property and equipment, net, consists of the following as of December 31:

 

    2016     2015  
Information technology equipment   $ 31,892     $ 31,892  
Less accumulated depreciation     (24,137 )     (17,969 )
Total property and equipment, net   $ 7,755     $ 13,923  

 

Depreciation expense was $6,168 and $6,688 for the years ended December 31, 2016 and 2015, respectively.

 

During the year ended December 31, 2015, the Company wrote off $10,161, of fully depreciated property and equipment. There was no effect on the consolidated statement of operations for the year ended December 31, 2015.