Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.20.2
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2020
Property and Equipment, Net  
Property and Equipment, Net

Note 3.   Property and Equipment, Net

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

 

 

 

 

 

 

 

 

 

    

September 30, 2020

    

December 31, 2019

 

 

(Unaudited)

 

 

 

Vehicles

 

$

119,324

 

$

119,324

Computers and equipment

 

 

98,993

 

 

73,115

Furniture and fixtures

 

 

30,058

 

 

30,058

Total property and equipment

 

 

248,375

 

 

222,497

Accumulated depreciation

 

 

(140,826)

 

 

(116,525)

Total property and equipment, net

 

$

107,549

 

$

105,972

 

Depreciation expense for property and equipment was approximately $8,000 and $6,000 for the three months ended September 30, 2020 and 2019, respectively, and $24,000 and $18,000 for the nine months ended September 30, 2020 and 2019, respectively.