Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.24.3
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 13 – PROPERTY AND EQUIPMENT

 

Property and equipment, net consist of the following: 

  

    September 30, 2024     December 31, 2023  
Computer equipment   $ 144,045     $ 127,497  
Tools and equipment     147,903       147,903  
Furniture and equipment     39,202       39,202  
CIP     203,102       -  
Property and equipment, gross     534,252       314,602  
Less: Accumulated depreciation     (267,172 )     (256,443 )
Property and equipment, net   $ 267,080     $ 58,159  

 

For the three and nine months ended September 30, 2024, the Company incurred $2,362 and $10,729 of depreciation expense, respectively, and for the three and nine months ended September 30, 2023, the Company incurred $4,776 and $12,718 of depreciation expense, respectively.