Annual report pursuant to Section 13 and 15(d)

Property and equipment, net

v3.19.1
Property and equipment, net
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Note 6 — Property and equipment, net
 
As of December 31, 2018 and 2017, property and equipment consisted of the following:
 
 
 
December 31,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Land
 
$
79,100
 
 
$
79,100
 
Buildings – rental property
 
 
427,704
 
 
 
427,704
 
Building improvements
 
 
760,017
 
 
 
745,685
 
Equipment and machinery
 
 
3,929,332
 
 
 
3,899,040
 
Furniture and fixtures
 
 
322,157
 
 
 
280,124
 
Computer software
 
 
23,518
 
 
 
23,518
 
Molds
 
 
4,589,153
 
 
 
4,552,374
 
Vehicles
 
 
502,960
 
 
 
404,759
 
 
 
 
10,633,941
 
 
 
10,412,304
 
Less: accumulated depreciation
 
 
(9,635,078)
 
 
 
(9,445,400
)
Total property and equipment, net
 
$
998,863
 
 
$
966,904
 
 
Depreciation expense for the years ended December 31, 2018 and 2017 was $
175,609
and $188,283, respectively.