Annual report pursuant to Section 13 and 15(d)

7. Property and Equipment

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

Note 7 – Property and Equipment

 

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

 

    December 31,
2019		     December 31, 
2018		  
Warehouse   $ 3,789,773     $ 3,789,773  
Land     731,515       731,515  
Building Improvement     238,666       34,000  
Construction in progress     –       31,677  
Furniture and fixture     27,631       16,677  
Equipment     47,064       6,029  
Software     1,995       –  
Total cost     4,836,644       4,609,671  
Less accumulated depreciation     (183,206 )     (31,536 )
Property and equipment, net   $ 4,653,438     $ 4,578,135  

 

Depreciation expense for the years ended December 31, 2019 and 2018 amounted to $151,670 and $27,993, respectively.