Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 5 – PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following as of:

 

    Estimated Life   September 30,
2019
    December 31,
2018
 
                 
Office equipment   5 years   $ 5,481     $ 5,481  
Computer equipment   3 years     40,171       40,171  
Accumulated depreciation         (39,482 )     (30,122 )
        $ 6,170     $ 15,530  

 

Depreciation expense was $3,059 and $9,360, and $3,157 and $9,470 for the three and nine months ended September 30, 2019 and 2018, respectively, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.