Quarterly report pursuant to Section 13 or 15(d)

LONG ??? LIVED ASSETS

v3.24.2.u1
LONG – LIVED ASSETS
 6 Months Ended
Jun. 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:

           
   

June 30,

2024

    

December 31,

2023

  
Machinery, tooling and equipment   $ 282,232     $ 1,015,568  
Vehicles     193,670       213,528  
Internal use manufactured vehicles     195,559       22,906  
Fixtures & furniture     90,768       90,768  
Leasehold improvements     44,663       44,663  
Computers     220,588       221,571  
      1,027,480       1,609,004  
Less: Accumulated depreciation     (402,314 )     (350,397 )
Total property and equipment   $ 625,166     $ 1,258,607  

 

Depreciation expense for the three and six months ended June 30, 2024 was $99,517 and $197,237, respectively. Depreciation expense for the three and six months ended June 30, 2023 was $53,330 and $103,718, respectively.