Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

 

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

 

    Useful life   December 31, 2017     December 31, 2016  
Laboratory equipment   5 Years   $ 3,685     $  
Office equipment and furniture   3 – 10 Years     31,440       320  
Leasehold improvement   1.75 Years     24,551        
          59,676       320  
Less: accumulated depreciation         (11,647 )     (25 )
        $ 48,029     $ 295  

 

For the years ended December 31, 2017 and 2016, depreciation expense of property, plant and equipment amounted to $10,374 and $26, respectively, of which, $1,321 and $0 was included in real property operating expenses, $112 and $0 was included in costs of development services and sales of developed products, and $8,941 and $26 was included in other operating expenses, respectively.