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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Property and Equipment

Property and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

At March 31, 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			(154,236	)		(149,513	)
Property and equipment, net		$	28,053		$	32,776

For the three months ended March 31, 2020 and 2019, depreciation and amortization expense is included in general and administrative expenses and amounted to $4,723 and $6,494, respectively.