4. Property And Equipment, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 4. Property And Equipment, Net |
Property and equipment at June 30, 2017 and December 31, 2016 are as follows:
The Company uses the straight-line method of depreciation over 2 to 5 years. Depreciation expense for the six months ended June 30, 2017 and 2016 was $366,817 and $187,895, respectively. Depreciation expense for the quarters ended June 30, 2017 and 2016 was $187,375 and $106,120, respectively. For the six months ended June 30, 2017 and 2016, depreciation expense recorded as cost of sales were $349,447 and $184,017, respectively. For the six months ended June 30, 2017 and 2016, depreciation expense recorded as sales, general and administrative expenses were $17,370 and $3,878, respectively. |