Vinco Ventures, Inc. Annual report pursuant to Section 13 and 15(d)

Property and equipment, net

12 Months Ended

Dec. 31, 2021

Note 9 — Property and equipment, net

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

Schedule of Property and Equipment

	December 31,			December 31,
	2021			2020
Land	$	-		$	79,100
Buildings – rental property		-			463,635
Building improvements		800,746			800,225
Equipment and machinery		4,779,685			4,122,917
Furniture and fixtures		388,637			368,137
Computer software		147,792			-
Molds		79,300			79,300
Vehicles		533,867			521,962
Property, Plant and Equipment, Gross		6,730,027			6,435,276
Less: accumulated depreciation		(5,353,276	)		(5,424,475	)
Total property and equipment, net	$	1,376,751		$	1,010,801

Depreciation expense for the years ended December 31, 2021 and 2020 was $181,101 and $169,141, respectively.