PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 — PROPERTY AND EQUIPMENT

Property and equipment as of September 30, 2018 and December 31, 2017 is summarized as follows:

	September 30, 2018			December 31, 2017
Computer equipment	$	62,170		$	63,517
Equipment under capital lease		77,864			-
Furniture and fixtures		4,968			3,128
Total		145,002			66,645
Less accumulated depreciation		(42,851	)		(31,651	)
Property and equipment, net	$	102,151		$	34,994

Property and equipment are stated at cost and depreciated using the straight-line method over their estimated useful life of 3 years. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings.

Included in net property are assets under capital leases of $77,864, less accumulated depreciation of $8,648 as of September 30, 2018 and $0, less accumulated depreciation of $0 as of December 31, 2017, respectively.

The Company spent $10,893 in purchases and leased $77,864 of equipment during the nine months ended September 30, 2018 and $22,904 in purchases of equipment during the nine months ended September 30, 2017. Depreciation expense was $9,851 and $21,600 for the three and nine months ended September 30, 2018; and $1,718 and $2,979 for the three and nine months ended September 30, 2017.