Fixed Assets

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. Fixed Assets

At June 30, 2018 and December 31, 2017, fixed assets, net consisted of the following:

	June 30, 2018			December 31, 2017
Office equipment and computers	$	70,402		$	46,309
Furniture and equipment		22,418			21,220
Website development costs		5,424,044			3,145,308
		5,516,864			3,212,837
Accumulated depreciation and amortization		(1,320,070	)		(525,110	)
Fixed assets, net	$	4,196,794		$	2,687,727

  

In May 2017, the Company launched its website and began amortization of capitalized website development cost. The Company recorded amortization expense of $433,204 in the three months ended June 30, 2018 and $53,000 in the three months ended June 30, 2017. The Company recorded amortization expense of $782,716 in the six months ended June 30, 2018 and $53,000 in the six months ended June 30, 2017.

The Company recorded depreciation expense of $6,613 and $2,065 in the three months ended June 30, 2018 and June 30, 2017, respectively. The Company recorded depreciation expense of $12,243 and $3,336 in the six months ended June 30, 2018 and June 30, 2017, respectively.