General form of registration statement for all companies including face-amount certificate companies

Fixed Assets

v3.19.2
Fixed Assets
 6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 7 – Fixed Assets

 

Fixed assets consist of the following at June 30, 2019 and December 31, 2018, respectively:

 

    June 30, 2019     December 31, 2018  
Land   $ 179,731     $ -  
Office equipment     23,469       18,314  
Furniture and fixtures     32,216       23,595  
Software     17,654       -  
Equipment and machinery    

310,919

       -  
Construction in progress     156,909       316,491  
      720,898       358,400  
Less: accumulated depreciation     (6,966 )     (1,961 )
Total   $ 713,932     $ 356,439  

 

Construction in progress consists of equipment and capital improvements on the Popayán farm that have not yet been placed in service.

 

Depreciation and amortization expense totaled $5,005 and $103 for the six months ended June 30, 2019 and June 30, 2018, respectively.