Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
3 Months Ended
Mar. 31, 2018
Property and Equipment  
Property and Equipment

4.    Property and Equipment

 

Property and equipment consist of the following:

 

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

    

 

 

2018

 

2017

 

 

 

 

 

 

 

 

Furniture and equipment

 

$

1,708,519

 

$

1,934,669

 

Leasehold improvements

 

 

1,127,430

 

 

711,319

 

Processing equipment

 

 

2,010,061

 

 

1,839,800

 

Less: accumulated depreciation and amortization

 

 

(2,468,687)

 

 

(2,288,749)

 

Property and equipment, net

 

$

2,377,323

 

$

2,197,039

 

 

Depreciation expense for the three months ended March 31, 2018 and 2017 was $180,000 and $108,000, respectively.