Quarterly report pursuant to Section 13 or 15(d)

LONG ??? LIVED ASSETS

v3.24.3
LONG – LIVED ASSETS
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
LONG – LIVED ASSETS

NOTE 4 – LONG – LIVED ASSETS

 

Property and Equipment

 

Property and equipment consist of the following:

           
   

September 30,

2024

    

December 31,

2023

  
Machinery, tooling and equipment   $ 141,482     $ 1,015,568  
Vehicles     193,670       213,528  
Internal use manufactured vehicles     94,436       22,906  
Fixtures & furniture     50,768       90,768  
Leasehold improvements     44,663       44,663  
Computers     220,588       221,571  
      745,607       1,609,004  
Less: Accumulated depreciation     (460,480 )     (350,397 )
Total property and equipment   $ 285,127     $ 1,258,607  

 

Depreciation expense for the three and nine months ended September 30, 2024 was $72,332 and $269,570, respectively. Depreciation expense for the three and nine months ended September 30, 2023 was $65,725 and $169,443, respectively.