Annual report pursuant to Section 13 and 15(d)

NOTE 5 - PROPERTY AND EQUIPMENT

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NOTE 5 - PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT 

At December 31, 2016 and 2015, property and equipment consisted of the following:

 

Description   Useful Life (Years)   December 31, 
2016		     December 31, 
2015		  
Rental properties   X – XX   $ 6,186,725     $ 2,837,511  
Rental Equipment   7     228,523       182,561  
          6,415,248       3,020,072  
Less: accumulated depreciation         (1,136,188 )     (839,336 )
Property and equipment, net       $ 5,279,060     $ 2,180,736  

 

For the years ended December 31, 2016 and 2015, depreciation expense amounted to $265,746 and $839,336, respectively.