General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.10.0.1
PROPERTY AND EQUIPMENT
 9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Notes to Financial Statements    
Note 4 - PROPERTY AND EQUIPMENT

The Company’s property and equipment at September 30, 2018 and December 31, 2017:

 

   

September 30,

2018

    

December 31,

2017

  
Office equipment   $ 34,234     $ 34,234  
Computer equipment     5,544       5,544  
Manufacturing equipment     29,763       -  
      69,541       39,778  
Less accumulated depreciation     (24,854 )     (20,766 )
    $ 44,687     $ 19,012  

 

Depreciation expense charged to operations amounted to $1,303 and $4,088, respectively, for the three and nine months ended September 30, 2018; and $1,529 and $4,586, respectively, for the three and nine months ended September 30, 2017.

The Company’s property and equipment at December 31, 2017 and 2016:

 

    2017     2016  
Office equipment   $ 34,234     $ 34,234  
Computer equipment     5,544       2,574  
      39,778       36,808  
Less accumulated depreciation     (20,766 )     (14,644 )
    $ 19,012     $ 22,164  

 

Depreciation expense charged to operations amounted to $6,122 and $4,330 for the year ended December 31, 2017 and 2016, respectively.