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

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

At June 30, 2019 and December 31, 2018, property and equipment consisted of the following:

	Useful Life	2019			2018

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			(137,756	)		(124,884	)
Property and equipment, net		$	44,533		$	57,405

For the six months ended June 30, 2019 and 2018, depreciation and amortization expense is included in general and administrative expenses and amounted to $12,872 and $17,557, respectively.