v3.23.1
PROPERTY INVENTORY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2023
PROPERTY INVENTORY AND EQUIPMENT  
PROPERTY, INVENTORY AND EQUIPMENT

NOTE 5 - PROPERTY, INVENTORY AND EQUIPMENT

 

Inventory consists of Finished Product and Raw Materials that are valued at the lower of cost or market.

Raw Materials:

 

Raw materials consist of rebar, insulation, surfactant, powdered cement, threaded inserts and sundry items. The cost is based on the cost of purchase from a non-related supplier. As of March 31, 2023 and December 31, 2022 the inventory value was $6,198 and $22,470 respectively.

 

Property and Equipment at March 31, 2023 were comprised of the following at:

 

 

 

March 31,

2023

 

 

December 31,

2022

 

Capital Equipment

 

$80,554

 

 

$80,554

 

Vehicles

 

 

6,344

 

 

 

6,344

 

Accumulated Depreciation

 

 

(61,632 )

 

 

(58,646 )

Net Fixed Assets

 

$25,266

 

 

$28,252

 

 

Depreciation expense for the three months ended March 31, 2023 and 2022 was $2,985 and $2,985 respectively.