General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.20.4
Property and Equipment
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Property, Plant and Equipment [Abstract]    
Property and Equipment
5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    September 30, 2020     December 31, 2019  
Computer equipment   $ 12,861     $ 13,208  
Furniture and fixtures     33,950       33,980  
Total property and equipment     46,811       47,188  
Less: Accumulated depreciation     (18,071 )     (11,577 )
Property and equipment, net   $ 28,740     $ 35,611  

 

Depreciation expense on property and equipment was $6,697 and $5,840 for the nine months ended September 30, 2020 and September 30, 2019, respectively.
4. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31, 2019     December 31, 2018  
Computer equipment   $ 13,208     $ 9,347  
Furniture and fixtures     33,980       21,692  
Total property and equipment     47,188       31,039  
Less: Accumulated depreciation     (11,577 )     (3,130 )
Property and equipment, net   $ 35,611     $ 27,909  

 

Depreciation expense on property and equipment, was $8,114, and $3,295 for the years ending December 31, 2019 and 2018 respectively.