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, 2018
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, 2018

   

December 31, 2017

 

Leasehold improvements

  $ 98,831     $ 88,511  

Equipment, furniture and fixtures

    2,479,732       2,043,177  
      2,578,563       2,131,688  

Less: Accumulated depreciation and amortization

    (1,890,441

)

    (1,564,156

)

                 

 Property and equipment, net

  $ 688,122     $ 567,532  

Depreciation and amortization expense related to these assets for the years ended December 31, 2018 and 2017 was $326,285 and $255,362.


Property and equipment under capital leases are summarized as follows:


   

December 31, 2018

   

December 31, 2017

 

Equipment, furniture and fixtures

    436,084       315,560  

Less: Accumulated amortization

    (103,061

)

    (126,478

)

                 

 Property and equipment, net

  $ 333,023     $ 189,082