Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2021
Property and Equipment, Net  
Property and Equipment, Net

Note 4. Property and Equipment, Net

Property and equipment, net consisted of the following at the dates indicated:

 

 

 

 

 

 

 

 

 

    

March 31, 2021

    

December 31, 2020

 

 

(Unaudited)

 

 

 

Vehicles

 

$

119,324

 

$

119,324

Computers and equipment

 

 

182,863

 

 

138,842

Furniture and fixtures

 

 

401,822

 

 

44,330

Leasehold improvements

 

 

3,402

 

 

3,402

Total property and equipment

 

 

707,411

 

 

305,898

Accumulated depreciation

 

 

(168,643)

 

 

(151,299)

Total property and equipment, net

 

$

538,768

 

$

154,599

 

Depreciation expense for property and equipment was approximately $17,000 and $8,000 for the three months ended March 31, 2021 and 2020, respectively.