Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.23.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2022
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

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

 

 

 

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

 

 

(117,979 )

 

 

(91,708 )

 

 

$ 76,572

 

 

$ 102,843

 

 

Depreciation expense charged to operations amounted to $26,271 and $27,778, respectively, for the years ended December 31, 2022 and 2021.