Property And Equipment, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Property and Equipment, Net |
Property and equipment at June 30, 2018 and December 31, 2017 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, 2018 and 2017 was $227,968 and $366,817, respectively. Depreciation expense for the quarters ended June 30, 2018 and 2017 was $63,690 and $187,375, respectively. For the six months ended June 30, 2018 and 2017, depreciation expense recorded as cost of sales were $211,371 and $349,447, respectively. For the six months ended June 30, 2018 and 2017, depreciation expense recorded as sales, general and administrative expenses were $16,643 and $17,370, respectively. |