Annual report pursuant to Section 13 and 15(d)

PLANT AND EQUIPMENT

v3.19.1
PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PLANT AND EQUIPMENT
6 PLANT AND EQUIPMENT

 

Plant and Equipment consisted of the following as of December 31, 2018 and December 31, 2017:

 

   

December 31, 

2018 

   

December 31, 

2017 

 
             
Kiosks   $ 409,990     $ 263,709  
Computer equipment     73,781       73,448  
Office equipment     9,916       9,911  
Leasehold improvement     8,615       8,608  
Total cost     502,302       355,676  
Less: accumulated depreciation and amortization     (274,199 )     (195,375 )
Plant and equipment, net   $ 228,103     $ 160,301  

  

Depreciation and amortization expense totaled $57,147 and $65,827 for the years ended December 31, 2018 and 2017, respectively.

 

An impairment charge of $21,415 for the year ended December 31, 2018 was made against certain obsolete kiosk assets.