Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

On June 30, 2021 and December 31, 2020, property and equipment consisted of the following:

 

    Useful Life   June 30,
2021		     December 31,
2020		  
Machinery and equipment   5 - 7 years   $ 50,722     $ 50,722  
Furniture and office equipment   3 - 7 years     30,245       30,245  
Vehicles   5 years     55,941       55,941  
Leasehold improvements   3 years     16,701       16,701  
          153,609       153,609  
Less: accumulated depreciation         (139,870 )     (134,926 )
Property and equipment, net       $ 13,739     $ 18,683  

 

For the six months ended June 30, 2021 and 2020, depreciation and amortization expense is included in general and administrative expenses and amounted to $4,944 and $8,487, respectively.