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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2022
PROPERTY AND EQUIPMENT  
NOTE 5. PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

 

 

September 30, 2022

(Unaudited)

 

 

December 31, 2021

 

Furniture and fixtures

 

$357,237

 

 

$357,236

 

Equipment

 

 

2,108,460

 

 

 

1,688,236

 

Vehicles

 

 

60,703

 

 

 

60,703

 

Computer and software

 

 

245,106

 

 

 

232,017

 

Leasehold improvements

 

 

393,381

 

 

 

386,120

 

Tenant Improvement Allowance

 

 

405,000

 

 

 

405,000

 

Capitalized Costs in Progress – Tooling and Molds

 

 

-

 

 

 

376,864

 

 

 

 

3,569,887

 

 

 

3,506,176

 

Less: Accumulated depreciation

 

 

2,284,416

 

 

 

2,017,857

 

Less: Property and Equipment, net

 

$1,285,471

 

 

$1,488,319

 

 

For the three and nine months ended September 30, 2022, depreciation was $78,991 and $237,164, respectively. 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, 2022 and 2021, 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.