Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.2.2
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2022
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

 

The Company’s property and equipment consisted of the following at September 30, 2022 and December 31, 2021:

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Office equipment

 

$ 45,519

 

 

$ 45,519

 

Computer equipment

 

 

5,544

 

 

 

5,544

 

Manufacturing equipment

 

 

101,200

 

 

 

101,200

 

Leasehold improvement

 

 

42,288

 

 

 

42,288

 

 

 

 

194,551

 

 

 

194,551

 

Less accumulated depreciation

 

 

(111,412 )

 

 

(91,708 )

 

 

$ 83,139

 

 

$ 102,843

 

 

Depreciation expense charged to operations amounted to $6,568 and $19,704, respectively, for the three and nine months ended September 30, 2022. Depreciation expense charged to operations amounted to $6,663 and $21,211, respectively, for the three and nine months ended September 30, 2021.