Property And Equipment, Net
|6 Months Ended|
Jun. 30, 2018
|Notes to Financial Statements|
|Note 5 - Property and Equipment, Net||
Property and equipment at June 30, 2018 and December 31, 2017 are as follows:
The Company uses the straight-line method of depreciation over 2 to 5 years. Depreciation expense for the six months ended June 30, 2018 and 2017 was $227,968 and $366,817, respectively. Depreciation expense for the quarters ended June 30, 2018 and 2017 was $63,690 and $187,375, respectively. For the six months ended June 30, 2018 and 2017, depreciation expense recorded as cost of sales were $211,371 and $349,447, respectively. For the six months ended June 30, 2018 and 2017, depreciation expense recorded as sales, general and administrative expenses were $16,643 and $17,370, respectively.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef