Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.3
Property and Equipment
 9 Months Ended
Sep. 30, 2023
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

On September 30, 2023 and December 31, 2022, property and equipment consisted of the following:

Useful Life September 30,
2023		 December 31,
2022
Machinery and equipment 5 – 7 years $ 73,411 $ 124,133
Furniture and office equipment 3 – 7 years 2,061 32,306
Vehicles 1 – 5 years 68,050 62,195
Leasehold improvements 3 – 5 years 110,645 45,296
254,167 263,930
Less: accumulated depreciation (70,281 ) (167,624 )
Property and equipment, net $ 183,886 $ 96,306

For the nine months ended September 30, 2023 and 2022, depreciation expense is included in general and administrative expenses and amounted to $26,075 and $30,352, respectively.