Property And Equipment, Net
|9 Months Ended|
Sep. 30, 2018
|Notes to Financial Statements|
|Note 5 - Property and Equipment, Net||
Property and equipment at September 30, 2018 and December 31, 2017 are as follows:
The Company uses the straight-line method of depreciation over 2 to 5 years. During the nine months ended September 30, 2018 and 2017 depreciation expense was $347,766, and $558,036, respectively. During the three months ended September 30, 2018 and 2017 depreciation expense was $119,799, and $191,220.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef