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

(4) Fixed Assets

 

Fixed assets consisted of the following:

 

 Schedule of Fixed Assets

Description  Estimated Useful Lives  December 31, 2022   December 31, 2021 
Fixed assets:             
Equipment  5 years  $265,637   $175,068 
Leasehold improvements  Lease term   29,422    16,265 
Vehicles  5 years   5,142,828    975,377 
Office furniture  5 years   129,475    - 
Office equipment  5 years   9,471    9,471 
Vehicle construction in process      147,006    1,394,355 
Total fixed assets      5,723,839    2,570,536 
Accumulated depreciation      (1,134,680)   (284,216)
Fixed assets, net     $4,589,159   $2,286,320 

 

Depreciation expense totaled $850,464 and $140,398 for the years ended December 31, 2022, and 2021, respectively.

 

The Company recorded impairment of $258,114 related to materials purchased for construction of delivery vehicles to reduce the carrying value of vehicle construction in progress to the expected realizable value.