Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.20.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2019
PROPERTY AND EQUIPMENT  
Note 5 - PROPERTY AND EQUIPMENT

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

 

 

December 31,

 

December 31,

 

2019

 

2018

 

Furniture and fixtures

 

$

8,000

 

$

8,000

 

Leasehold improvements

 

26,000

 

26,000

 

Equipment

 

16,000

 

16,000

 

$

50,000

 

$

50,000

 

Less accumulated depreciation

 

(44,000

)

 

(39,000

)

 

$

6,000

 

$

11,000

 

Depreciation expense on property and equipment for the years ended December 31, 2019 and 2018, were $5,000 and $4,000, respectively.