Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.2
Property and Equipment
 6 Months Ended
Jun. 30, 2023
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    June 30,
2023		     December 31,
2022		  
Vehicles   $ 149,916     $ 149,916  
Computer equipment     451,950       348,408  
Furniture and fixtures     665,349       461,352  
Leasehold improvements     3,289,510       2,093,812  
Development equipment     350,691       342,142  
Docking stations and drones     978,161      
-
  
Machinery and equipment     60,321      
-
  
Construction in progress     2,382,266       330,541  
Total property and equipment     8,328,164       3,726,171  
Less: accumulated depreciation     (2,636,732 )     (702,886 )
Net property and equipment   $ 5,691,432     $ 3,023,285  

        

Depreciation expense for the three months ended June 30, 2023 and 2022 was $160,081 and $87,402, respectively. Depreciation expense for the six months ended June 30, 2023 and 2022 was $412,625 and $127,036, respectively. As of June 30, 2023, there was $2,867,537 of net property and equipment located in Israel.