Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2021
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment, net, consisted of the following at: 

 

 

 

June 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Furniture and fixtures

 

$

312,639

 

 

$

312,639

 

Automotive vehicles

 

 

215,127

 

 

 

215,127

 

Office and computer equipment

 

 

370,423

 

 

 

332,544

 

Leasehold improvements

 

 

35,531

 

 

 

32,547

 

Property and equipment, gross

 

 

933,720

 

 

 

892,857

 

Less: accumulated depreciation

 

 

(818,350

)

 

 

(776,133

)

Property and equipment, net

 

$

115,370

 

 

$

116,724

 

 

For the three months ended June 30, 2021 and 2020, depreciation expense related to property and equipment was $18,761 and $22,322, respectively. For the six months ended June 30, 2021 and 2020, depreciation expense related to property and equipment was $42,218 and $45,316, respectively.