Volcon ePowersports, Inc. Annual report pursuant to Section 13 and 15(d)

LONG – LIVED ASSETS

12 Months Ended

Dec. 31, 2023

NOTE 4 – LONG – LIVED ASSETS

Property and Equipment

Property and equipment consist of the following:

Schedule of property and equipment
	December 31, 2023			December 31, 2022
Machinery, tooling and equipment	$	1,015,568		$	352,137
Vehicles		213,528			156,648
Internal use manufactured vehicles		22,906			274,385
Fixtures & furniture		90,768			50,768
Leasehold improvements		44,663			44,663
Computers		221,571			228,671
		1,609,004			1,107,272
Less: Accumulated depreciation		(350,397	)		(505,506	)
Total property and equipment	$	1,258,607		$	601,766

Depreciation expense for the year ended December 31, 2023 and 2022 was $243,394 and $757,013, respectively.