Quarterly report pursuant to Section 13 or 15(d)

9. Property and Equipment

v3.10.0.1
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:

 

    September 30,     December 31,  
    2018     2017  
Property and equipment   $ 128,156     $ 128,156  
Less: Accumulated depreciation and amortization     (125,109 )     (117,459 )
Total property and equipment, net   $ 3,047     $ 10,697  

 

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.