Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

At March 31, 2024 and December 31, 2023, property and equipment consisted of the following: 

             
    March 31, 2024     December 31, 2023  
Warehouse   $ 3,789,773     $ 3,789,773  
Land     731,515       731,515  
Building improvement     240,256       240,256  
Furniture and fixture     38,974       39,223  
Equipment     123,850       119,556  
Software     1,995       1,995  
Total cost     4,926,363       4,922,318  
Less accumulated depreciation     (876,711 )     (841,655 )
Property and equipment, net   $ 4,049,652     $ 4,080,663  

 

Depreciation expense for the three months ended March 31, 2024 and 2023 amounted to $35,330 and $42,041, respectively.