Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

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

Note 6 — Property and Equipment, net

 

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

 

    September 30,     December 31,  
    2021     2020  
Land   $ -     $ 79,100  
Buildings – rental property     58,052       463,635  
Building improvements     818,986       800,225  
Equipment and machinery     4,286,256       4,122,917  
Furniture and fixtures     387,637       368,137  
Computer software     111,760       -  
Molds     79,300       79,300  
Vehicles     533,867       521,962  
Property, plant and Equipment, gross     6,275,858       6,435,276  
Less: accumulated depreciation     (5,303,707 )     (5,424,475 )
Total property and equipment, net   $ 972,151     $ 1,010,801  

 

Depreciation expense for the nine months ended September 30, 2021 and 2020 was $136,312 and $169,141, respectively.