Quarterly report pursuant to Section 13 or 15(d)

LONG ??? LIVED ASSETS

v3.23.1
LONG – LIVED ASSETS
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
LONG – LIVED ASSETS

NOTE 4 – LONG – LIVED ASSETS

 

Property and Equipment

 

Property and equipment consist of the following:

             
   

March 31,

2023

    

December 31,

2022

  
Machinery, tooling and equipment   $ 525,728     $ 352,137  
Vehicles     213,528       156,648  
Internal use manufactured vehicles     274,385       274,385  
Fixtures & furniture     90,768       50,768  
Leasehold improvements     44,663       44,663  
Computers     234,898       228,671  
      1,383,970       1,107,272  
Less: Accumulated depreciation     (486,371 )     (505,506 )
Total property and equipment   $ 897,599     $ 601,766  

 

Depreciation expense for the three months ended March 31, 2023 and 2022 was $50,388 and $111,527, respectively.