Quarterly report pursuant to Section 13 or 15(d)

Furniture and equipment

v3.5.0.2
Furniture and equipment
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Furniture and equipment

Note 3 – Furniture & equipment

 

Furniture & Equipment consisted of the following at September 30, 2016 and December 31, 2015:

 

 

    September 30, 2016   December 31, 2015
Furniture and equipment   $ 170,610     $ 151,191  
Research and development equipment     78,367       13,367  
Leasehold improvements     62,659       56,128  
      311,636       220,686  
Accumulated amortization & depreciation     (120,019 )     (76,719 )
Furniture & equipment net   $ 191,617     $ 143,967  

 

During the three and nine months ended September 30, 2016 and 2015 the Company incurred amortization and depreciation expense of $15,230 (2015 – $13,882) and $43,290 (2015 - $60,945), respectively.