Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 7 — Property and equipment, net

 

As of December 31, 2019 and 2018, property and equipment consisted of the following:

 

    December 31,     December 31,  
    2019     2018  
Land   $ 79,100     $ 79,100  
Buildings – rental property     445,635       427,704  
Building improvements     766,859       760,017  
Equipment and machinery     3,917,080       3,929,332  
Furniture and fixtures     387,836       322,157  
Computer software     23,518       23,518  
Molds     4,651,889       4,589,153  
Vehicles     521,962       502,960  
      10,793,879       10,633,941  
Less: accumulated depreciation     (9,861,911 )     (9,635,078 )
Total property and equipment, net   $ 931,968     $ 998,863  

 

Depreciation expense for the years ended December 31, 2019 and 2018 was $231,518 and $175,609, respectively.