Quarterly report pursuant to Section 13 or 15(d)

3. Summary of Significant Accounting Policies (Tables)

v3.20.2
3. Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of estimated useful lives of property, plant and equipment

Depreciation is computed using the straight-line method. Estimated useful lives are as follows:

 

Fixed assets Useful life
Furniture 5 years
Equipment 5 years
Warehouse 39 years
Improvement 5 years
Construction in progress
Land
Schedule of estimated useful lives of intangible assets

Estimated useful lives of intangible assets are as follows:

 

Intangible assets Useful life
Market related intangible assets 5 years
Schedule of antidilutive shares

The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

 

Nine months ended September 30,   2020     2019  
Stock options     210,000        
Total     210,000