Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.24.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2023, and 2022:

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Furniture and fixtures

 

$

110,060

 

 

$

404,702

 

Automotive vehicles

 

 

171,671

 

 

 

171,671

 

Office and computer equipment

 

 

165,607

 

 

 

382,804

 

Leasehold improvements

 

 

35,531

 

 

 

35,531

 

Property and equipment, gross

 

 

482,869

 

 

 

994,708

 

Less: accumulated depreciation

 

 

(384,816

)

 

 

(851,270

)

Property and equipment, net

 

$

98,053

 

 

$

143,438

 

 

For the years ended December 31, 2023 and 2022, depreciation expense related to property and equipment was $60,879 and $53,914, respectively.