Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 3 Months Ended
Mar. 31, 2023
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    March 31,
2023		     December 31,
2022		  
Vehicles   $ 149,916     $ 149,916  
Computer equipment     490,521       348,408  
Furniture and fixtures     758,578       461,352  
Leasehold improvements     3,299,828       2,093,812  
Development equipment     342,142       342,142  
Docking stations and drones     978,161       -  
Machinery and equipment     95,053       -  
Construction in progress     2,389,352       330,541  
Total property and equipment     8,503,551       3,726,171  
Less: accumulated depreciation     (2,513,501 )     (702,886 )
Net property and equipment   $ 5,990,050     $ 3,023,285  

 

Depreciation expenses for the three months ended March 31, 2023, and 2022 was $252,544 and $39,634, respectively. As of March 31, 2023, there was $3,037,555 of net property and equipment located in Israel.