Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2020
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following at: 

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Furniture and fixtures

 

$

312,640

 

 

$

312,639

 

Automotive vehicles

 

 

215,127

 

 

 

215,127

 

Office and computer equipment

 

 

329,296

 

 

 

302,296

 

Leasehold improvements

 

 

18,554

 

 

 

6,843

 

Property and equipment, gross

 

 

875,617

 

 

 

836,905

 

Less: accumulated depreciation

 

 

(759,465

)

 

 

(691,996

)

Property and equipment, net

 

$

116,152

 

 

$

144,909

 

 

For the three months ended September 30, 2020 and 2019, depreciation expense related to property and equipment was $22,153 and $26,467, respectively. For the nine months ended September 30, 2020 and 2019, depreciation expense related to property and equipment was $67,469 and $80,445, respectively.