Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.21.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2020
PROPERTY AND EQUIPMENT  
Note 5 - PROPERTY AND EQUIPMENT

The Company’s property and equipment consisted of the following at December 31, 2020 and 2019:

 

 

 

2020

 

 

2019

 

Office equipment

 

$ 43,503

 

 

$ 43,503

 

Computer equipment

 

 

5,544

 

 

 

5,544

 

Manufacturing equipment

 

 

101,200

 

 

 

98,373

 

Leasehold improvement

 

 

42,288

 

 

 

35,888

 

 

 

 

192,535

 

 

 

183,308

 

Less accumulated depreciation

 

 

(63,930 )

 

 

(35,008 )

 

 

$ 128,605

 

 

$ 148,300

 

 

Depreciation expense charged to operations amounted to $28,922 and $15,959, respectively, for the year ended December 31, 2020 and 2019, respectively.