Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

Property and Equipment is as follows:

 

    December 31,  
    2018     2017  
Computer hardware   $ 140,523     $ 397,528  
Furniture and fixtures     42,153       216,473  
Leasehold improvements     111,076       239,921  
      293,752       853,922  
Less: Accumulated depreciation     (210,145 )     (632,738 )
    $ 83,607     $ 221,184  
                 
Assets abandoned or disposed   $ 51,804       -  

 

Depreciation expense for the years ended December 31, 2018 and 2017 was $92,000 and $181,000, respectively, and is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.