Quarterly report pursuant to Section 13 or 15(d)

5. Property and Equipment

v3.19.3
5. Property and Equipment
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

At September 30, 2019 and December 31, 2018, property and equipment consisted of the following:

 

    September 30,
2019		     December 31, 
2018		  
Warehouse   $ 3,789,773     $ 3,789,773  
Land     731,515       731,515  
Building Improvement     250,276       34,000  
Construction in progress     –       31,677  
Furniture and fixture     28,811       16,677  
Equipment     127,051       6,029  
Software     5,984       –  
Total cost     4,933,410       4,609,671  
Less accumulated depreciation     (236,208 )     (31,536 )
Property and equipment, net   $ 4,697,202     $ 4,578,135  

 

Depreciation expense for the nine months ended September 30, 2019 and 2018 amounted to $112,106 and $1,635, respectively.