Fixed Assets and Construction in Progress

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Fixed Assets and Construction in Progress

Note 10 – Fixed Assets and Construction in Progress

Fixed assets consist of the following at September 30, 2018 and December 31, 2017, respectively:

	September 30, 2018			December 31, 2017
Office equipment	$	150,099		$	102,037
Website development costs		99,880			99,880
Furniture and fixtures		27,066			27,066
Leasehold improvements		373,842			373,842
Total		650,887			602,825
Less accumulated depreciation		(300,751	)		(206,370	)
Fixed assets, net	$	350,136		$	396,455

Construction in progress is stated at cost, which includes the cost of construction and other indirect costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use. Construction in progress was $595,641 and $408,812 at September 30, 2018 and December 31, 2017, respectively.

Depreciation and amortization expense totaled $94,381 and $42,850 for the nine months ended September 30, 2018 and 2017, respectively.

PLAYERS NETWORK 10-Q