Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

On September 30, 2022 and December 31, 2021, property and equipment consisted of the following: 

 

    Useful Life   September 30,
2022		     December 31,
2021		  
Machinery and equipment   5 – 7 years   $ 124,133     $ 124,133  
Furniture and office equipment   3 – 7 years     32,306       32,306  
Vehicles   1 – 5 years     63,009       63,009  
Leasehold improvements   3 – 5 years     45,296       45,296  
          264,744       264,744  
Less: accumulated depreciation         (160,074 )     (129,722 )
Property and equipment, net       $ 104,670     $ 135,022  

 

For the nine months ended September 30, 2022 and 2021, depreciation and amortization expense is included in general and administrative expenses and amounted to $30,352 and $13,223, respectively.