Quarterly report pursuant to Section 13 or 15(d)

3. Property and Equipment, Net

v3.20.2
3. Property and Equipment, Net
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 3: Property and Equipment, Net

 

The Company has property and equipment as follows as of September 30, 2020 and December 31, 2019:

 

   

September 30,

2020

    

December 31,

2019

  
Furniture and Equipment   $ 19,419     $ 19,419  
Computer Equipment     162,308       144,643  
Leasehold Improvements     14,182       14,182  
Software     30,498       15,737  
Property and Equipment, Gross     226,407       193,981  
Less Accumulated Depreciation     (166,386 )     (129,105 )
Property and Equipment, Net   $ 60,021     $ 64,876  

 

During the three months ended September 30, 2020 and 2019, the Company recorded depreciation expense of $10,206 and $9,378, respectively. During the nine months ended September 30, 2020 and 2019, the Company recorded depreciation expense of $37,281 and $28,223, respectively.