Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE C – PROPERTY AND EQUIPMENT

 

Property and equipment as of December 31, 2019, 2018, 2017, 2016 and 2015 are as follows:

 

 

    2019   2018   2017   2016   2015
Field Equipment   $ —       $ 10,305     $ 10,305     $ 10,305     $ 10,574  
Office Equipment     61,078       61,601       61,601       61,601       64,729  
Total Cost     61,078       71,906       71,906       71,906       75,303  
Less accumulated depreciation     61,078       70,200       70,200       69,736       67,435  
Property and equipment, net   $ —       $ 1,706     $ 1,706     $ 2,170     $ 7,868  

 

Depreciation expense for property and equipment was $0, $0, $464, $2,301 and $66,859 for the years ended December 31, 2019, 2018, 2017, 2016 and 2015 respectively.