C-Bond Systems, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

At March 31, 2021 and December 31, 2020, property and equipment consisted of the following:

	Useful Life	March 31, 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			(137,398	)		(134,926	)
Property and equipment, net		$	16,211		$	18,683

For the three months ended March 21, 2021 and 2020, depreciation and amortization expense is included in general and administrative expenses and amounted to $2,472 and $4,723, respectively.