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Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment consisted of the following:

 

  

December 31,

2021

  

December 31,

2020

 
Furniture and equipment  $274,472   $398,422 
Vehicles   15,000    15,000 
Leasehold improvements   -    215,193 
    289,472    628,615 
Accumulated depreciation   (212,126)   (480,883)
Property and equipment, net  $77,346   $147,732 

 

Depreciation expense amounted to $64,937 for the year ended December 31, 2021, of which $6,109 was allocated to cost of revenue, $1,527 was allocated to inventory, with the remainder recorded as selling, general and administrative expense. Depreciation expense amounted to $119,524 for the year ended December 31, 2020, of which $5,115 was allocated to cost of revenue, $1,279 was allocated to inventory, with the remainder recorded as selling, general and administrative expense.

 

 

CEA Industries Inc.

Notes to Consolidated Financial Statement