Property and Equipment and Intangible Assets

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property and Equipment and Intangible Assets

NOTE 4 – PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

Property and equipment is summarized as follows:

	December 31,			December 31,
	2019			2018
Furniture and equipment	$	193,717		$	156,031
Less accumulated depreciation		(125,354	)		(86,164	)
Total property, plant and equipment, net	$	68,363		$	69,867

Depreciation expense was $39,000 and $35,000 for the years ended December 31, 2019 and 2018 respectively.

Intangible assets, net of accumulated amortization, were $467,000 and $392,000 as of December 31, 2019 and December 31, 2018, respectively, and are included in other assets. Amortization expense was $216,000 and $106,000 for the years ended December 31, 2019 and 2018, respectively.