Quarterly report pursuant to Section 13 or 15(d)

LONG ??? LIVED ASSETS

v3.23.3
LONG – LIVED ASSETS
 9 Months Ended
Sep. 30, 2023
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,

2023

    

December 31,

2022

  
Machinery, tooling and equipment   $ 1,011,351     $ 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  
      1,869,593       1,107,272  
Less: Accumulated depreciation     (605,427 )     (505,506 )
Total property and equipment   $ 1,264,166     $ 601,766  

 

Depreciation expense for the three and nine months ended September 30, 2023 was $65,725 and $169,443, respectively. Depreciation expense for the three and nine months ended September 30, 2022 was $265,907 and $569,757, respectively.