Quarterly report pursuant to Section 13 or 15(d)

Property, plant and equipment

v3.19.1
Property, plant and equipment
3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018, the Company’s property, plant and equipment, net consisted of the following:

 

 

 

 

March 31,

2019

 

 

December 31,

2018

 

 

Computer equipment and software

 

$

39,193

 

 

$

39,193

 

 

Furniture and other equipment

 

 

63,479

 

 

 

63,479

 

 

      Property, plant and equipment

 

 

102,672

 

 

 

102,672

 

 

Less: accumulated depreciation

 

 

(34,500

)

 

 

(31,335

)

 

      Property, plant and equipment, net

 

$

68,172

 

 

$

71,337

 

 

Depreciation expense for the three months ended March 31, 2019 and 2018 amounted to $3,165 and $931, respectively.