v3.21.2
Fixed Assets, Net
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Fixed Assets, Net

NOTE 5 – FIXED ASSETS, NET

 

Fixed assets at June 30, 2020 and December 31, 2019 consisted of the following:

 

    June 30,     December 31,  
    2020     2019  
             
Office equipment   $ 280,966     $ 281,365  
Furniture and equipment     58,118       58,118  
Computer     13,704       13,704  
Technical equipment     27,492       27,492  
Truck     -       -  
Intellectual Property     78,506       78,506  
Machinery             -  
      458,786       458,785  
Less: accumulated depreciation     (229,052 )     (110,388 )
Equipment   $ 229,732     $ 348,396  

 

Depreciation expense for the three months ended June 30, 2020 and 2019 was $76,156 (depreciation and amortization expense) and $5,497, respectively.