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Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment consisted of the following:

 

   2022   2021 
   December 31,   December 31, 
   2022   2021 
Furniture and equipment  $278,389   $274,472 
Vehicles   15,000    15,000 
Property and equipment, gross   293,389    289,472 
Accumulated depreciation   (224,876)   (212,126)
Property and equipment, net  $68,513   $77,346 

 

Depreciation expense amounted to $32,442 for the year ended December 31, 2022, of which $4,856 was allocated to cost of revenue, $1,214 was allocated to inventory, with the remainder recorded as selling, general and administrative expense. 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.

 

 

CEA Industries Inc.

Notes to Consolidated Financial Statements

December 31, 2022

(in US Dollars except share numbers)