Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 2 – Property, Plant and Equipment

 

The following is a summary of equipment, at cost, less accumulated depreciation at September 30, 2017 and December 31, 2016:

 

    September 30,     December 31,  
    2017     2016  
             
Autos   $ 64,458     $ 64,458  
Medical equipment     5,000       5,000  
Other equipment     8,774       8,774  
      78,232       78,232  
Less accumulated depreciation     73,478       62,407  
    $ 4,754     $ 15,825  

 

Depreciation expense for the nine months ended September 30, 2017 and 2016 was $11,071 and $11,876, respectively. Repairs and maintenance are charged to expense as incurred while improvements are capitalized. Upon the sale, retirement or disposal of fixed assets, the accounts are relieved of the cost and the related accumulated depreciation with any gain or loss recorded to the consolidated statements of operations.