Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.21.2
Property and Equipment, net
6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 6 — Property and Equipment, net

 

As of June 30, 2021 and December 31, 2020, property and equipment consisted of the following:

 

    June 30,     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     4,144,145       4,122,917  
Furniture and fixtures     368,137       368,137  
Computer software     55,500       -  
Molds     79,300       79,300  
Vehicles     533,866       521,962  
 Property, Plant and Equipment, Gross     6,523,908       6,435,276  
Less: accumulated depreciation     (5,490,098 )     (5,424,475 )
Total property and equipment, net   $ 1,033,810     $ 1,010,801  

 

Depreciation expense for the six months ended June 30, 2021 and 2020 was $65,623 and $169,141, respectively.