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Property and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment consisted of the following:

 

   2023   2022 
   December 31,   December 31, 
   2023   2022 
Furniture and equipment  $275,994   $278,389 
Vehicles   15,000    15,000 
Property and equipment, gross    290,994    293,389 
Accumulated depreciation   (252,436)   (224,876)
Property and equipment, net  $38,558   $68,513 

 

 

CEA Industries Inc.

Notes to Consolidated Financial Statements

December 31, 2023

(in US Dollars except share numbers)

 

Depreciation expense amounted to $29,655 for the year ended December 31, 2023, of which $2,818 was allocated to cost of revenue, $705 was allocated to inventory, with the remainder recorded as selling, general and administrative expense. 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.