Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2020
PROPERTY AND EQUIPMENT  
Note 5 - PROPERTY AND EQUIPMENT

 The Company’s property and equipment consisted of the following at June 30, 2020 and December 31, 2019:

 

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Office equipment

 

$

43,503

 

 

$

43,503

 

Computer equipment

 

 

5,544

 

 

 

5,544

 

Manufacturing equipment

 

 

98,373

 

 

 

98,373

 

Leasehold improvement

 

 

35,888

 

 

 

35,888

 

 

 

 

183,308

 

 

 

183,308

 

Less accumulated depreciation

 

 

(49,182

)

 

 

(35,008

)

 

 

$

134,126

 

 

$

148,300

 

 

Depreciation expense charged to operations amounted to $8,799 and $14,174, respectively, for the three and six months ended June 30, 2020; and $3,340 and $5,534, respectively, for the three and six months ended June 30, 2019.