Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.24.3
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

 

The Company’s property and equipment consisted of the following at September 30, 2024 and December 31, 2023:

 

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

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

 

 

(162,866 )

 

 

(143,608 )

 

 

$ 31,685

 

 

$ 50,943

 

 

Depreciation expense charged to operations amounted to $6,420 and $6,419, respectively, for the three months ended September 30, 2024 and 2023. Depreciation expense charged to operations amounted to $19,258 and $19,209, respectively, for the nine months ended September 30, 2024 and 2023.