Annual report pursuant to Section 13 and 15(d)

EQUIPMENT

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

NOTE 6 – Equipment

 

Equipment consisted of the following as of:

 

        December 31,
2016
    December 31,
2015
 
    Estimated Life   Successor     Predecessor  
                 
Office equipment   5 years   $ 2,451     $ 15,444  
Computer equipment   3 years     39,311       47,163  
Accumulated depreciation         (3,712 )     (43,739 )
        $ 38,050     $ 18,868  

 

Depreciation expense was $228 for the one month ended December 31, 2016 (Successor), $7,080 for the eleven months ended November 30, 2016 (Predecessor) and $16,639 for the year ended December 31, 2015 (Predecessor), and is classified in general and administrative expenses in the consolidated Statements of Operations.