XML 47 R11.htm IDEA: XBRL DOCUMENT v3.20.4
FIXED ASSETS, NET
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
FIXED ASSETS, NET

NOTE 5 – FIXED ASSETS, NET

 

Fixed assets, net consist of the following:

 

         
   December 31, 
   2020   2019 
Accounting system  $411,550   $301,096 
Equipment   1,704,931    1,619,646 
Furniture and fixtures   1,406,858    1,406,858 
Computer hardware   80,211    80,211 
Leasehold improvements   80,121    68,788 
TOTAL FIXED ASSETS   3,683,671    3,476,599 
Accumulated depreciation   (1,741,447)   (968,824)
TOTAL FIXED ASSETS, NET  $1,942,224   $2,507,775 

 

Depreciation expense for the years ended December 31, 2020, 2019, and 2018 was $772,624, $415,193, and $181,412, respectively.