| LONG – LIVED ASSETS |
NOTE 4 – LONG – LIVED ASSETS
Property and equipment
Property and equipment consist of the following:
| Schedule of property and equipment |
|
|
|
|
|
|
| |
|
March 31,
2022
|
|
|
December 31,
2021
|
|
| Machinery, tooling and equipment |
|
$ |
598,954 |
|
|
$ |
554,378 |
|
| Vehicles |
|
|
156,648 |
|
|
|
148,460 |
|
| Internal use manufactured vehicles |
|
|
134,558 |
|
|
|
73,500 |
|
| Fixtures & furniture |
|
|
91,252 |
|
|
|
75,935 |
|
| Leasehold improvements |
|
|
91,212 |
|
|
|
60,248 |
|
| Computers |
|
|
128,130 |
|
|
|
88,610 |
|
| |
|
|
1,200,754 |
|
|
|
1,001,130 |
|
| Less: Accumulated depreciation |
|
|
(278,919 |
) |
|
|
(191,397 |
) |
| Total property and equipment |
|
$ |
921,835 |
|
|
$ |
809,734 |
|
Depreciation expense for the three months ended March 31, 2022 and
2021 was $111,527 and $14,328, respectively.
Intangible assets
Intangible assets consist of the following:
| Schedule of Finite-Lived Intangible Assets |
|
|
|
|
|
|
| |
|
March 31,
2022
|
|
|
December 31,
2021
|
|
| Domain names |
|
$ |
17,438 |
|
|
$ |
17,438 |
|
| Software |
|
|
– |
|
|
|
13,125 |
|
| |
|
|
17,438 |
|
|
|
30,563 |
|
| Less: Accumulated amortization |
|
|
(7,266 |
) |
|
|
(12,510 |
) |
| Total intangible assets |
|
$ |
10,172 |
|
|
$ |
18,053 |
|
Amortization expense for the three months ended March 31, 2022 and
2021 was $1,453 and $725, respectively.
|