Volcon ePowersports, Inc. Quarterly report pursuant to Section 13 or 15(d)

LONG – LIVED ASSETS

3 Months Ended

Mar. 31, 2024

NOTE 4 – LONG – LIVED ASSETS

Property and Equipment

Property and equipment consist of the following:

Schedule of property and equipment
	March 31, 2024			December 31, 2023
Machinery, tooling and equipment	$	820,907		$	1,015,568
Vehicles		167,666			213,528
Internal use manufactured vehicles		109,641			22,906
Fixtures & furniture		90,768			90,768
Leasehold improvements		44,663			44,663
Computers		221,571			221,571
		1,455,216			1,609,004
Less: Accumulated depreciation		(380,357	)		(350,397	)
Total property and equipment	$	1,074,859		$	1,258,607

Depreciation expense for the three months ended March 31, 2024 and 2023 was $97,720 and $50,388, respectively.