Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.24.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2023
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

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

 

 

 

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

 

 

(143,608 )

 

 

(117,979 )

 

 

$ 50,943

 

 

$ 76,572

 

 

Depreciation expense charged to operations amounted to $25,629 and $26,271, respectively, for the year ended December 31, 2023 and 2022.