Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.23.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2023
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

 

The Company’s property and equipment consisted of the following at March 31, 2023 and December 31, 2022:

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

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

 

 

(124,349 )

 

 

(117,979 )

 

 

$ 70,202

 

 

$ 76,572

 

 

Depreciation expense charged to operations amounted to $6,370 and $6,568, respectively, for the three months ended March 31, 2023 and 2022.