Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 6 — Property and Equipment, net

 

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

 

    March 31,     December 31,  
    2021     2020  
Land   $ 79,100     $ 79,100  
Buildings – rental property     463,635       463,635  
Building improvements     800,225       800,225  
Equipment and machinery     4,141,145       4,122,917  
Furniture and fixtures     368,137       368,137  
Computer software     -       -  
Molds     79,300       79,300  
Vehicles     521,962       521,962  
      6,435,504       6,435,276  
Less: accumulated depreciation     (5,457,287 )     (5,424,475 )
Total property and equipment, net   $ 996,217     $ 1,010,801  

 

Depreciation expense for the three months ended March 31, 2021 and 2020 was $32,812 and $169,141, respectively.