Annual report pursuant to Section 13 and 15(d)

NOTE 4 - PROPERTY AND EQUIPMENT

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NOTE 4 - PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment is summarized as follows:

 
 
December 31, 2017
   
December 31, 2016
 
Leasehold improvements
 
$
88,511
   
$
30,557
 
Equipment, furniture and fixtures
   
2,043,177
     
1,744,439
 
 
   
2,131,688
     
1,774,996
 
Less: Accumulated depreciation
   
(1,564,156
)
   
(1,308,794
)
 
               
 Property and equipment, net
 
$
567,532
   
$
466,202
 

Depreciation and amortization expense related to these assets for the years ended December 31, 2017 and 2016 was $255,362 and $232,316.

Property and equipment under capital leases are summarized as follows:

 
 
December 31, 2017
   
December 31, 2016
 
Equipment, furniture and fixtures
   
315,560
     
521,905
 
Less: Accumulated depreciation
   
(126,478
)
   
(335,672
)
 
               
 Property and equipment, net
 
$
189,082
   
$
186,233