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Property and Equipment
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Property, Plant and Equipment [Abstract]    
Property and Equipment

Note 4 – Property and Equipment

 

Property and equipment consisted of the following:

 

   September 30,   December 31, 
   2021   2020 
Furniture and equipment  $296,851   $398,422 
Vehicles   15,000    15,000 
Leasehold improvements   215,193    215,193 
    527,044    628,615 
Accumulated depreciation   (428,076)   (480,883)
Property and equipment, net  $98,967   $147,732 

 

Depreciation expense was $54,538 for the nine months ended September 30, 2021. For the nine months ended September 30, 2021, $4,721 was allocated to cost of sales and $1,180 was allocated to inventory with the remainder recorded as selling, general and administrative expense.

 

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.