Property And Equipment, Net
|6 Months Ended|
Jun. 30, 2020
|Property And Equipment, Net|
|Note 5 - Property and Equipment, Net||
Property and equipment at June 30, 2020 and December 31, 2019 are as follows:
The Company uses the straight-line method of depreciation over 2 to 5 years. During the three months ended June 30, 2020 and 2019 depreciation expense was $56,015, and $80,438, respectively. During the six months ended June 30, 2020 and 2019 depreciation expense was $122,604, and $163,035, 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://fasb.org/us-gaap/role/ref/legacyRef