Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.21.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2021
PROPERTY AND EQUIPMENT  
NOTE 5 - PROPERTY AND EQUIPMENT

The Company’s property and equipment consisted of the following at March 31, 2021 and December 31, 2020:

 

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Office equipment

 

$

45,519

 

 

$

43,503

 

Computer equipment

 

 

5,544

 

 

 

5,544

 

Manufacturing equipment

 

 

101,200

 

 

 

101,200

 

Leasehold improvement

 

 

42,288

 

 

 

42,288

 

 

 

 

194,551

 

 

 

192,535

 

Less accumulated depreciation

 

 

(71,222

)

 

 

(63,930

)

 

 

$

123,329

 

 

$

128,605

 

 

Depreciation expense charged to operations amounted to $5,583 and $5,375, respectively, for the three months ended March 31, 2021 and 2020, respectively.