Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

At December 31, 2019 and 2018, property and equipment consisted of the following:

 

    Useful Life   2019     2018  
                 
Machinery and equipment   5 - 7 years   $ 52,184     $ 52,184  
Furniture and office equipment   3 - 7 years     45,063       45,063  
Vehicles   5 years     68,341       68,341  
Leasehold improvements   3 years     16,701       16,701  
          182,289       182,289  
Less: accumulated depreciation         (149,513 )     (124,884 )
Property and equipment, net       $ 32,776     $ 57,405  

 

For the year ended December 31, 2019 and 2018, depreciation and amortization expense is included in general and administrative expenses and amounted to $24,629 and $33,718, respectively.