Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.22.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 6 — Property and Equipment, net

 

As of March 31, 2022 and December 31, 2021, property and equipment consisted of the following:

 

    March 31, 2022     December 31, 2021  
Buildings – rental property   $ -     $ -  
Building improvements     800,746       800,746  
Equipment and machinery     4,821,194       4,779,685  
Furniture and fixtures     473,459       388,637  
Computer software     501,340       147,792  
Molds     79,300       79,300  
Vehicles     533,867       533,867  
Leasehold Improvements     415,864       -  
Property, plant and equipment, gross     7,625,770       6,730,027  
Less: accumulated depreciation     (5,840,544 )     (5,353,276 )
Total property and equipment, net   $ 1,785,226     $ 1,376,751  

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was $74,139 and $32,812, respectively.