PROPERTY AND EQUIPMENT
|9 Months Ended|
Sep. 30, 2019
|PROPERTY AND EQUIPMENT|
|Note 5 - PROPERTY AND EQUIPMENT||
The Company's property and equipment consisted of the following at September 30, 2019 and December 31, 2018:
Depreciation expense charged to operations amounted to $5,376 and $10,910, respectively, for the three and nine months ended September 30, 2019; and $1,303 and $4,088, respectively, for the three and nine months ended September 30, 2018.
In July 2019 and August 2019, the Company disposed of part of its office equipment for a total consideration of $800, realizing a loss on sale of fixed assets of $1,902.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef