Annual report pursuant to Section 13 and 15(d)

Furniture & equipment

v3.10.0.1
Furniture & equipment
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2017
Property, Plant and Equipment [Abstract]    
Furniture & equipment

Note 3 – Furniture & equipment

 

Furniture & Equipment consisted of the following at March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2016:

 

    September 30, 2017  

June 30,

2017

 

March 31,

2017

 

December 31,

2016

Furniture and equipment   $ 97,845     $ 162,258     $ 162,226     $ 172,188  
Research and development           equipment     78,367       78,367       78,367       78,367  
Leasehold improvements     —         56,128       56,128       62,527  
      176,212       296,753       296,721       313,082  
Accumulated amortization & depreciation     (100,019 )     (170,977 )     (154,698 )     (138,220 )
Furniture & equipment net   $ 76,193     $ 125,776     $ 142,023     $ 174,862  
                                 

 

 

During the three, six and nine-months ended March 31, 2017, June 30, 2017 and September 30, 2017 the Company incurred amortization and depreciation expense of $17,388, $33,661 and $16,478 respectively.

Note 3 – Furniture & equipment

 

Furniture & Equipment consisted of the following at December 31, 2017, December 31, 2016 and 2015:

 

    December 31, 2017   December 31, 2016  

December 31,

2015

Furniture and equipment   $ 99,797     $ 172,188     $ 151,191  
Research and development equipment     78,367       78,367       13,367  
Leasehold improvements     —         62,527       56,128  
      178,164       313,082       220,686  
Accumulated amortization & depreciation     (110,341 )     (138,220 )     (76,719 )
Furniture & equipment net   $ 67,823     $ 174,862     $ 143,967  

 

 

During the years ended December 31, 2017, 2016 and 2015 the Company incurred amortization and depreciation expense of $54,018, $61,501 and $72,870 respectfully.