Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2021
PROPERTY AND EQUIPMENT  
NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

 

The Company’s property and equipment consisted of the following at December 31, 2021 and 2020:

 

 

 

2021

 

 

2020

 

Office equipment

 

$ 45,519

 

 

$ 43,503

 

Computer equipment

 

 

5,544

 

 

 

5,544

 

Manufacturing equipment

 

 

101,200

 

 

 

101,200

 

Leasehold improvement

 

 

42,288

 

 

 

42,288

 

 

 

 

194,551

 

 

 

192,535

 

Less accumulated depreciation

 

 

(91,708 )

 

 

(63,930 )

 

 

$ 102,843

 

 

$ 128,605

 

 

Depreciation expense charged to operations amounted to $27,778 and $28,922, respectively, for the year ended December 31, 2021 and 2020.