Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

On March 31, 2023 and December 31, 2022, property and equipment consisted of the following:

Useful Life March 31,
2023		 December 31,
2022
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 62,195 62,195
Leasehold improvements 3 – 5 years 45,296 45,296
263,930 263,930
Less: accumulated depreciation (175,848 ) (167,624 )
Property and equipment, net $ 88,082 $ 96,306

For the three months ended March 31, 2023 and 2022, depreciation expense is included in general and administrative expenses and amounted to $8,224 and $10,284, respectively.