XML 83 R12.htm IDEA: XBRL DOCUMENT v3.21.2
Property and Equipment
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 6 – Property and Equipment

 

At June 30, 2021 and December 31, 2020, property and equipment consisted of the following:

 

          
   June 30,
2021		   December 31,
2020		 
Warehouse  $3,789,773   $3,789,773 
Land   731,515    731,515 
Building Improvement   238,666    238,666 
Furniture and fixture   27,631    27,631 
Equipment   48,378    48,378 
Software   1,995    1,995 
Total cost   4,837,958    4,837,958 
Less accumulated depreciation   (426,320)   (345,448)
Property and equipment, net  $4,411,638   $4,492,510 

 

Depreciation expense for the six months ended June 30, 2021 and 2020 amounted to $80,872 and $81,125, respectively.

 

The Company purchased a warehouse in Ontario, California in September 2018 and leased an unused portion to a third party. The tenant paid $12,335 as a security deposit, shown as other liability in non-current liabilities.