Transition report pursuant to Rule 13a-10 or 15d-10

SOFTWARE, PROPERTY AND EQUIPMENT, NET

v3.3.1.900
SOFTWARE, PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2015
SOFTWARE, PROPERTY AND EQUIPMENT, NET [ABSTRACT]  
SOFTWARE, PROPERTY AND EQUIPMENT, NET

NOTE 4 – SOFTWARE, PROPERTY AND EQUIPMENT, NET

 

Software, property and equipment, net consists of the following:

 

           
 

December 31,

 2015

 

December 31,

2014

Software  $ 83,735   $ 24,671
Furniture and Computers   51,643     25,991
Shop Equipment   9,540     6,045
Total   144,918     56,707
Accumulated depreciation and amortization   44,184     4,318
Net software, property and equipment  $ 100,734    $ 52,389

 

At December 31, 2015 and 2014, the Company has software under capital leases with gross value of $24,671 and $24,671, respectively, net of accumulated depreciation and amortization of $15,419 and $3,084, respectively.

 

Depreciation and amortization expense for the years ended December 31, 2015 and 2014 was $39,866 and $4,318, respectively.