Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.19.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Note 5 - PROPERTY AND EQUIPMENT

Property and equipment is stated at cost and consist of the following:

 

    December 31,     December 31,  
    2018     2017  
             
Furniture and fixtures   $ 8,000     $ 8,000  
Leasehold improvements     26,000       26,000  
Equipment     16,000       11,000  
      50,000       45,000  
Less accumulated depreciation     (39,000 )     (35,000 )
    $ 11,000     $ 10,000  

 

Depreciation expense on property and equipment for the twelve month period ended December 31, 2018, the six month period ended December 31, 2017 and the twelve month period ended June 30, 2017 was $4,000, $3,000 and $7,000, respectively.