Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

 

At June 30, 2018 and December 31, 2017, property and equipment consisted of the following:

 

  Useful Life     2018       2017  
                   
Machinery and equipment 5 - 7 years   $ 52,538     $ 52,538  
Furniture and office equipment 3 - 7 years     45,063       45,063  
Vehicles 5 years     68,341       68,341  
Leasehold improvements 3 years     16,701       16,701  
        182,643       182,643  
Less: accumulated depreciation       (109,077 )     (91,520 )
Property and equipment, net     $ 73,566     $ 91,123  

 

For the six months ended June 30, 2018 and 2017, depreciation and amortization expense is included in general and administrative expenses and amounted to $17,557 and $18,915, respectively.