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Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 6 – Property and Equipment

 

Property and equipment consisted of the following:

 

    As of December 31,  
    2020     2019  
Furniture and equipment   $ 398,422     $ 389,090  
Vehicles     15,000       15,000  
Leasehold improvements     215,193       215,193  
      628,615       619,283  
Accumulated depreciation     (480,883 )     (361,360 )
Property and equipment, net   $ 147,732     $ 257,923  

 

Depreciation expense amounted to $119,524 for the year ended December 31, 2020, of which $6,394 was allocated to cost of revenue. Depreciation expense amounted to $157,860 for the year ended December 31, 2019, of which $7,010 was allocated to cost of revenue.

 

As of December 31, 2018, the Company’s property and equipment, net included the gross cost of the equipment leased to a cultivation company affiliated with one of the Co-founders of $176,042, and accumulated depreciation of $39,120. During the year ended December 31, 2019, the Company wrote-off the carrying value of the leased equipment. See Note 10.