SCWorx, Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment Disclosure [Text Block]

Note 4. Property and Equipment

Property and equipment, net consisted of the following:

		December 31,
		2016			2015
Promotion equipment		$	31,393		$
Production equipment			61,209
Equipment, furniture and other			42,660
Total property and equipment			135,262
Less accumulated depreciation and amortization			(12,950)
Total property and equipment, net		$	122,312		$

Depreciation and amortization expense for the year ended December 31, 2016 and period from February 12, 2015 (Inception) through December 31, 2015 amounted to $12,950, and $0, respectively.

CFFC Promotions, LLC [Member]

Property, Plant and Equipment Disclosure [Text Block]

Note 4 Property and Equipment

Property and equipment consists of the following:

		September 30, 2016			December 31, 2015

Property and equipment		$	10,086		$	10,086

Less accumulated depreciation			(5,638)			(4,279)

Property and equipment, net		$	4,448		$	5,807

Depreciation expense for the nine months ended September 30, 2016 and the year ended December 31, 2015 was $1,359 and $2,678, respectively.

Hoosier Fight Club Promotions, LLC [Member]

Property, Plant and Equipment Disclosure [Text Block]

Note 3 Property and Equipment

Property and equipment consists of the following:

		September 30, 2016			December 31, 2015

Property and equipment		$	1,335		$	1,335

Less accumulated depreciation			(1,001)			(801)

Property and equipment, net		$	334		$	534

Depreciation expense for the nine months ended September 30, 2016 and year ended December 31, 2015 was $200 and $267 respectively.

BANG TIME ENTERTAINMENT, LLC [Member]

Property, Plant and Equipment Disclosure [Text Block]

Note 4 Property and Equipment

Property and equipment consists of the following:

		September 30,			December 31,
		2016			2015

Property and equipment		$	4,321		$	4,321

Less accumulated depreciation			(4,321)			(4,179)

Property and equipment, net		$			$	142

Depreciation expense for the nine months ended September 30, 2016 and year ended December 31, 2015 was $142 and $595 respectively.

PUNCH DRUNK, INC [Member]

Property, Plant and Equipment Disclosure [Text Block]

Note 3 Property and Equipment

Property and equipment consists of the following:

		September 30, 2016			December 31, 2015

Property and equipment		$	48,634		$	48,634
Vehicles			6,669			6,669
Website			3,450			3,450
Total fixed assets			58,753			58,753

Less accumulated depreciation			(51,354)			(45,744)

Property and equipment, net		$	7,399		$	13,009

Depreciation expense for the nine months ended September 30, 2016 and year ended December 31, 2015 was $5,610 and $9,183 respectively.

Go Fight Net, Inc [Member]

Property, Plant and Equipment Disclosure [Text Block]

Note 3 Property and Equipment

Property and equipment consists of the following:

		September 30,			December 31,
		2016			2015

Computers		$	13,565		$	13,565
Production equipment			95,710			95,710
Video library equipment			10,000			10,000
Vehicle			6,500			6,500
Total fixed assets			125,775			125,775

Less accumulated depreciation		$	(109,545)		$	(88,738)

Property and equipment, net		$	16,230		$	37,037

Depreciation expense for the nine months ended September 30, 2016 and year ended December 31, 2015 was $20,807 and $36,299, respectively.