Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.3
Property and Equipment
 9 Months Ended
Sep. 30, 2023
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    September 30,
2023		     December 31,
2022		  
Vehicles   $ 149,916     $ 149,916  
Computer equipment     384,321       348,408  
Furniture and fixtures     665,349       461,352  
Leasehold improvements     3,291,689       2,093,812  
Development equipment     350,691       342,142  
Docking stations and drones     3,023,364      
-
  
Machinery and equipment     60,321      
-
  
Construction in progress     361,444       330,541  
Total property and equipment     8,287,095       3,726,171  
Less: accumulated depreciation     (2,843,185 )     (702,886 )
Net property and equipment   $ 5,443,910     $ 3,023,285  

 

Depreciation expense for the three months ended September 30, 2023 and 2022 was $235,999 and $153,159, respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 was $648,624 and $280,195, respectively. As of September 30, 2023, there was $2,772,501 of net property and equipment located in Israel.