Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

On December 31, 2020 and 2019, property and equipment consisted of the following:

 

    Useful Life     2020     2019  
                   
Machinery and equipment     5 - 7 years     $ 50,722     $ 52,184  
Furniture and office equipment     3 - 7 years       30,245       45,063  
Vehicles     5 years       55,941       68,341  
Leasehold improvements     3 years       16,701       16,701  
              153,609       182,289  
Less: accumulated depreciation             (134,926 )     (149,513 )
Property and equipment, net           $ 18,683     $ 32,776  

 

For the years ended December 31, 2020 and 2019, depreciation and amortization expense is included in general and administrative expenses and amounted to $14,093 and $24,629, respectively.