v3.21.2
Fixed Assets, Net
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Fixed Assets, Net

NOTE 5 – FIXED ASSETS, NET

 

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

 

    March 31,     December 31,  
    2020     2019  
             
Office equipment   $ 280,392     $ 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             -  
      458,212       458,785  
Less: accumulated depreciation     (190,703 )     (110,388 )
Equipment   $ 267,508     $ 348,396  

 

Depreciation expense for the three months ended March 31, 2020 and 2019 was $119,266 (depreciation and amortization) and $5,625, respectively.