XML 23 R11.htm IDEA: XBRL DOCUMENT v3.21.2
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
PROPERTY AND EQUIPMENT  
5. PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

 

 

September 30, 2021

(Unaudited)

 

 

December 31, 2020

 

Furniture and fixtures

 

$357,236

 

 

$357,236

 

Equipment

 

 

1,614,751

 

 

 

1,580,743

 

Vehicles

 

 

60,703

 

 

 

60,703

 

Computer and software

 

 

214,860

 

 

 

203,704

 

Leasehold improvements

 

 

386,120

 

 

 

386,120

 

Tenant Improvement Allowance 

 

 

405,000

 

 

 

405,000

 

Capitalized Costs in Progress – Tooling and Molds

 

 

203,589

 

 

 

-

 

 

 

 

3,242,257

 

 

 

2,993,507

 

Less: Accumulated depreciation

 

 

1,943,198

 

 

 

1,695,404

 

 

 

$1,299,060

 

 

$1,298,103

 

 

For the three and nine months ended September 30, 2021, depreciation was $67,383 and $218,398, respectively. For the three and nine months ended September 30, 2020, depreciation was $83,932 and $241,445, respectively. For the three and nine months ended September 30, 2021 and 2020, amortization of tenant improvement allowance was $9,798 and $19,597, respectively and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.

 

As of September 30, 2021, we had capitalized costs in progress not yet placed into service in connection with tooling and molds pursuant to ASC 340-10.