Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

v3.23.2
Fixed Assets
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 8 – Fixed Assets

 

Fixed assets consist of the following at March 31, 2023 and December 31, 2022, respectively:

 

    March 31,     December 31,  
    2023     2022  
Land   $ 138,248     $ 138,248  
Buildings     473,971       473,971  
Office equipment     30,902       30,902  
Furniture and fixtures     6,495       6,495  
Equipment and machinery     1,828,006       423,547  
Fixed assets, gross     2,477,622       1,073,163  
Less: accumulated depreciation     (92,484 )     (84,627 )
Total   $ 2,385,138     $ 988,536  

 

Depreciation and amortization expense totaled $7,857 and $12,485 for the three months ended March 31, 2023 and 2022, respectively.