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

Property and Equipment, Net

v3.10.0.1
Property and Equipment, Net
 6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Property, Plant and Equipment [Abstract]    
Property and Equipment, Net

NOTE 5: PROPERTY AND EQUIPMENT, NET

 

Property and equipment consists of the following:

 

Description   June 30, 2018     December 31, 2017  
    (Unaudited)        
Computer equipment   $ 88,615     $ 88,615  
Furniture and office equipment     136,955       136,955  
Leasehold improvements     37,899       37,899  
Tooling and molds     249,690       249,690  
Website design     9,850       9,850  
      523,009       523,009  
Less: accumulated depreciation     (240,105 )     (178,090 )
Property and Equipment, net   $ 282,904     $ 344,919  

 

Depreciation expense for the six months ended June 30, 2018 and 2017, was $62,014 and $57,867, respectively.

NOTE 5: PROPERTY AND EQUIPMENT, NET

 

Property and equipment consists of the following:

 

Description   December 31, 2017     December 31, 2016  
Computer equipment   $ 88,615     $ 63,588  
Furniture and office equipment     136,955       136,955  
Leasehold improvements     37,899       -  
Tooling and molds     249,690       242,690  
Website design     9,850       9,850  
      523,009       453,083  
Less: accumulated depreciation     (178,090 )     (58,463 )
Property and Equipment, net   $ 344,919     $ 394,620  

 

Depreciation expense for the years ended December 31, 2017 and 2016 was $119,627 and $29,891, respectively.