Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

v3.22.2.2
Fixed Assets
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 7 – Fixed Assets

 

Fixed assets consist of the following at June 30, 2022 and December 31, 2021, respectively:

 

    June 30,     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     423,548       383,829  
Fixed assets, gross     1,130,160       1,086,959  
Less: accumulated depreciation     (108,603 )     (83,946 )
Total   $ 1,021,557     $ 1,003,013  

 

Depreciation and amortization expense totaled $24,657 and $22,998 for the six months ended June 30, 2022 and 2021, respectively.