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:
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.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef