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Furniture, Fixtures and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Furniture, Fixtures and Equipment

NOTE 5. FURNITURE, FIXTURES AND EQUIPMENT

 

Furniture, fixtures and equipment consisted of the following at December 31, 2020 and 2019:

 

    Estimated Useful Life   December 31, 2020     December 31, 2019  
Building   30 years   $ 422,441     $ —  
Office furniture, fixtures and equipment   3-10 years     232,472       397,795  
Warehouse and production equipment   3-5 years     96,415       210,700  
Demonstration and tradeshow equipment   2-5 years     107,241       252,001  
Leasehold improvements   2-5 years     289,865       163,170  
Rental equipment   1-3 years     71,548       93,923  
Total cost         1,219,983       1,117,591  
Less: accumulated depreciation and amortization         (553,183 )     (920,528 )
                     
Net furniture, fixtures and equipment       $ 666,800     $ 197,063  

 

Depreciation and amortization of furniture, fixtures and equipment aggregated $62,048 and $254,491 for the years ended December 31, 2020 and 2019, respectively. The cost and accumulated depreciation related to assets sold or retired are removed from the accounts and any gain or loss is credited or charged to income. The Company retired fixed assets during 2020 totaling $519,468, all of which were fully depreciated resulting in no gain or loss for the year ended December 31, 2020.