3. PROPERTY AND EQUIPMENT
|12 Months Ended|
Dec. 31, 2019
|Property, Plant and Equipment [Abstract]|
|PROPERTY AND EQUIPMENT||
Property and equipment consisted of the following at December 31, 2019 and 2018 :
Depreciation and amortization expense for property and equipment was $365,000 and $861,214 for the years ended December 31, 2019 and 2018, respectively.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef