9. Property and Equipment
|9 Months Ended|
Sep. 30, 2018
|Property and equipment:|
|Property and Equipment||
Note 9 – Property and Equipment
Property and equipment at September 30, 2018 and December 31, 2017, consisted of the following:
During the nine months ended September 30, 2017 we sold certain assets with a net book value of $6,874 for proceeds of $2,160, resulting in a loss on disposal of $4,714.
The Company recognized depreciation expense of $7,650 and $8,291 for the nine month periods ended September 30, 2018 and 2017, respectively.
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