Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.19.3
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2019
PROPERTY AND EQUIPMENT  
Note 5 - PROPERTY AND EQUIPMENT

The Company's property and equipment consisted of the following at September 30, 2019 and December 31, 2018:

 

 

September 30,

2019

 

December 31,

2018

 

Office equipment

 

$

26,820

 

$

34,234

 

Computer equipment

 

5,544

 

5,544

 

Manufacturing equipment

 

98,373

 

30,747

 

130,737

 

70,525

 

Less accumulated depreciation

 

(32,354

)

 

(26,156

)

 

$

98,383

 

$

44,369

 

 

Depreciation expense charged to operations amounted to $5,376 and $10,910, respectively, for the three and nine months ended September 30, 2019; and $1,303 and $4,088, respectively, for the three and nine months ended September 30, 2018.

 

In July 2019 and August 2019, the Company disposed of part of its office equipment for a total consideration of $800, realizing a loss on sale of fixed assets of $1,902.