Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

At September 30, 2020 and December 31, 2019, property and equipment consisted of the following:

 

    Useful Life   2020     2019  
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         (160,654 )     (149,513 )
Property and equipment, net       $ 21,635     $ 32,776  

 

For the nine months ended September 30, 2020 and 2019, depreciation and amortization expense is included in general and administrative expenses and amounted to $11,141 and $19,208, respectively.