Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

v3.22.1
Fixed Assets
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 7 – Fixed Assets

 

Fixed assets consist of the following at March 31, 2022 and December 31, 2021, respectively:

 

    March 31,     December 31,  
    2022     2021  
Land   $ 138,248     $ 138,248  
Buildings     473,971       473,971  
Office equipment     59,984       56,502  
Furniture and fixtures     34,409       34,409  
Equipment and machinery     383,829       383,829  
Fixed assets, gross     1,090,441       1,086,959  
Less: accumulated depreciation     (96,431 )     (83,946 )
Total   $ 994,010     $ 1,003,013  

 

Depreciation and amortization expense totaled $12,485 and $9,884 for the three months ended March 31, 2022 and 2021, respectively.