Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.24.2.u1
Property and Equipment
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

At June 30, 2024 and December 31, 2023, property and equipment consisted of the following:

           
    June 30, 2024     December 31, 2023  
Warehouse   $ 3,789,773     $ 3,789,773  
Land     731,515       731,515  
Building improvement     240,256       240,256  
Furniture and fixtures     42,100       39,223  
Equipment     125,089       119,556  
Software     1,995       1,995  
Total cost     4,930,728       4,922,318  
Less accumulated depreciation     (908,633 )     (841,655 )
Property and equipment, net   $ 4,022,095     $ 4,080,663  

 

Depreciation expense for the six months ended June 30, 2024 and 2023 amounted to $67,354 and $84,616, respectively.