Annual report pursuant to Section 13 and 15(d)

Property And Equipment

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Property And Equipment
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment as of December 31, 2017 and 2016 is summarized as follows:

 

    2017   2016
Computer equipment   $ 11,004     $ —    
Furniture and fixtures     5,140       —    
Subtotal     16,144       —    
Less accumulated depreciation     (2,576 )     —    
Property and equipment, net   $ 13,568     $ —    

 

Property and equipment are stated at cost and depreciated using the straight-line method over their estimated useful lives of 3 years. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings.

 

Depreciation expense was $2,576 and $0 for the year ended December 31, 2017 and 2016.