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

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Notes    
PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

 

Property and equipment at September 30, 2020 and December 31, 2019 consisted of the following:

 

 

 

September 30,

2020

 

December 31,

2019

 

 

(Unaudited)

 

 

Furniture and fixtures

$

20,000

$

20,000

Equipment

 

80,000

 

80,000

 

 

100,000

 

100,000

Less accumulated depreciation and amortization

 

(100,000)

 

(100,000)

 

$

-

$

-

 

There were no depreciation and amortization expenses for the nine months ended September 30, 2020 and 2019 respectively.

PROPERTY AND EQUIPMENT

 

Property and equipment at December 31, 2019 and 2018 consist of the following:

 

 

 

December 31,

 

December 31,

 

 

2019

 

2018

Furniture & fixtures

$

20,000

$

20,000

Equipment

 

80,000

 

80,000

 

 

100,000

 

100,000

Less accumulated depreciation and amortization

 

(100,000)

 

(100,000)

 

$

-

$

-

 

There were no depreciation and amortization expenses for the years ended December 31, 2019 and 2018, respectively.