Property, Plant and Equipment

3 Months Ended

Mar. 31, 2020

Property, plant and equipment [Abstract]

Property, plant and equipment

6. Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At March 31, 2020 and December 31, 2019, the Company’s property, plant and equipment, net consisted of the following:

	2020			2019
Computer equipment and software	$	18,862		$	18,862
Furniture and other equipment		1,885			1,885
Property, plant and equipment		20,747			20,747
Less: accumulated depreciation		(9,924	)		(9,000	)
Property, plant and equipment, net	$	10,823		$	11,747

Depreciation expense for the three months ended March 31, 2020 and 2019 amounted to $924 and $3,165 respectively.