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 5 – PROPERTY, PLANT AND EQUIPMENT

 

At September 30, 2017 and December 31, 2016, property, plant and equipment consisted of the following:

 

    Useful life   September 30, 2017     December 31, 2016  
Office equipment   3 – 10 Years   $ 27,966     $ 320  
Leasehold improvement   1.75 Years     24,009        
          51,975       320  
Less: accumulated depreciation         (5,610 )     (25 )
        $ 46,365     $ 295  

 

For the three and nine months ended September 30, 2017, depreciation expense amounted to $4,256 and $5,469, respectively, of which, $502 and $502 was included in real property operating expenses and $3,754 and $4,967 was included in other operating expenses, respectively. For the three and nine months ended September 30, 2016, the Company did not have any depreciation expense.