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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

 

 

December 31,

2022

 

 

December 31,

2021

 

Furniture and fixtures

 

$364,819

 

 

$357,236

 

Equipment

 

 

2,236,510

 

 

 

1,688,236

 

Vehicles

 

 

60,703

 

 

 

60,703

 

Computer and software

 

 

246,638

 

 

 

232,017

 

Leasehold improvements

 

 

393,381

 

 

 

386,120

 

Tenant Improvement Allowance 

 

 

405,000

 

 

 

405,000

 

Capitalized Costs in Progress – Tooling and Molds

 

 

-

 

 

 

376,864

 

 

 

 

3,707,051

 

 

 

3,506,176

 

Less: Accumulated depreciation

 

 

2,371,720

 

 

 

2,017,857

 

Less: Property and Equipment, net

 

$1,335,331

 

 

$1,488,319

 

 

For the years ended December 31, 2022 and 2021, depreciation was $314,669 and $299,665, respectively. For the years ended December 31, 2022 and 2021, amortization of tenant improvement allowance was $39,194 and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.