General form of registration statement for all companies including face-amount certificate companies

3. Property and Equipment

v3.6.0.2
3. Property and Equipment
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Property, Plant and Equipment [Abstract]    
Property and Equipment

At September 30, 2016 and December 31, 2015, property and equipment consisted of the following:

 

    September 30, 2016     December 31, 2015  
Furniture and fixture   $ 3,908     $ 1,640  
Computer equipment     1,029       –  
Total     4,936       1,640  
Less accumulated depreciation     (905 )     (232 )
Property and equipment, net   $ 4,032     $ 1,408  

 

Depreciation expense for the nine months period ended September 30, 2016 and 2015 amounted to $673 and $150, respectively.

At December 31, 2015 and March 31, 2015, property and equipment consisted of the following:

 

    December 31, 2015     March 31, 2015  
Furniture and fixture   $ 1,640     $ –  
Less accumulated depreciation     (232 )     –  
Property and equipment, net   $ 1,408     $ –  

 

Depreciation expense for the nine months period ended December 31, 2015 and 2014 amounted to $232 and $0, respectively.