Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2021 and 2020:

 

 

 

2021

 

 

2020

 

Furniture and fixtures

 

$

312,639

 

 

$

312,639

 

Automotive vehicles

 

 

171,671

 

 

 

215,127

 

Office and computer equipment

 

 

389,628

 

 

 

332,544

 

Leasehold improvements

 

 

35,531

 

 

 

32,547

 

Property and equipment, gross

 

 

909,469

 

 

 

892,857

 

Less: accumulated depreciation

 

 

(810,875

)

 

 

(776,133

)

Property and equipment, net

 

$

98,594

 

 

$

116,724

 

 

For the years ended December 31, 2021 and 2020, depreciation expense related to property and equipment was $78,199 and $90,979, respectively.