Annual report pursuant to Section 13 and 15(d)

NOTE 4 - PROPERTY AND EQUIPMENT

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NOTE 4 - PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
NOTE 4 - PROPERTY AND EQUIPMENT

NOTE 4 PROPERTY AND EQUIPMENT


The major classes of property and equipment are as follow at December 31, 2017 and 2016:

 

 

 

2017

 

 

2016

 

Furniture, fixtures and equipment

 

$

862,582

 

 

$

1,136,003

 

Less: Accumulated depreciation

 

 

(797,220

)

 

 

(1,069,512

)

 

 

$

65,362

 

 

$

66,491

 


During 2017, the Company recorded the disposal of $315,129 of fixed assets with no salvage value and no longer in service, to furniture, fixtures and equipment and to accumulated depreciation. Total depreciation in 2017 and 2016 was $42,838 and $41,398, respectively.