Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.23.3
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 12 – PROPERTY AND EQUIPMENT

 

Property and equipment, net consist of the following:

 

   

September

30, 2023

  
Computer equipment   $ 104,747  
Tools and equipment     168,244  
Furniture and equipment     18,861  
Property and equipment, gross     291,852  
Less: Accumulated depreciation     (251,530 )
Property and equipment, net   $ 40,323  

 

   

December 31,

2022

  
Computer equipment   $ 25,913  
Tools and equipment     16,434  
Furniture and equipment     217  
Property and equipment, gross     42,564  
Less: Accumulated depreciation     (16,691 )
Property and equipment, net   $ 25,873  

 

For the three and nine months ended September 30, 2023, the Company incurred $4,776 and $12,718 of depreciation expense, respectively. For the three and nine months ended September 30, 2022, the Company incurred $4,202 and $4,202 of depreciation expense, respectively.