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

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
 6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    June 30,
2020		     December 31,
2019		  
Leasehold improvements   $ 58,613     $ 58,613  
Vehicle     149,916       149,916  
Furniture and fixtures     94,053       93,464  
Test Equipment     25,395       20,493  
Computer Equipment     110,916       109,509  
Software     67,287       67,287  
      506,180       499,282  
Less: accumulated depreciation     (296,509 )     (247,036 )
Total property and equipment   $ 209,671     $ 252,246  

 

Depreciation expense for the three months ended June 30, 2020 and 2019 was $24,825 and $34,982, respectively. Depreciation expense for the six months ended June 30, 2020 and 2019 was $49,473 and $67,682, respectively.

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    Years Ended December 31,  
    2019     2018  
Leasehold improvements   $ 58,613     $ 256,920  
Vehicle     149,916       143,560  
Furniture and fixtures     93,464       132,088  
Test equipment     20,493       -  
Computer equipment     109,509       87,087  
Software     67,287       61,287  
      499,282       680,942  
Less: accumulated depreciation     (247,036 )     (178,796 )
Total property and equipment   $ 252,246     $ 502,146  

 

Depreciation expense for the years ended December 31, 2019 and 2018 was $143,459 and $54,946, respectively.