Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.8.0.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT

Property and equipment and their estimated useful lives are as in the table below:
 
 
As of
 
 
 
 
December 31, 2017
 
December 31, 2016
 
Est. Useful Life
Furniture and fixtures
 
$
458,643

 
$
450,197

 
7 Years
Computers
 
331,422

 
297,038

 
3 Years
Software
 
231,526

 
214,378

 
2 Years
Machinery and equipment
 
651,143

 
557,666

 
7 Years
Vehicles
 
2,719,026

 
2,671,714

 
5 Years
Land and buildings
 
6,933,903

 
6,699,540

 
30 Years
Total property and equipment
 
11,325,663

 
10,890,533

 
 
Accumulated depreciation
 
(4,128,164
)
 
(3,431,810
)
 
 
Net property and equipment
 
$
7,197,499

 
$
7,458,723

 
 
 
 
 
 
 
 
 


The table below shows total depreciation and amortization expense and how depreciation is allocated between cost of goods sold and operating expenses:
 
 
For the Year Ended December 31, 2017
 
For the Nine-Month Transition Period Ended December 31, 2016
Cost of goods sold - product
 
$
250,369

 
$
188,579

Cost of goods sold - service
 
113,066

 
85,892

Operating expenses
 
497,940

 
461,357

Amortization expense
 
28,643

 
20,954

Total depreciation & amortization expense
 
$
890,018

 
$
756,782