Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 6 – Property and Equipment

 

At September 30, 2022 and December 31, 2021, property and equipment consisted of the following: 

           
    September 30, 2022     December 31, 2021  
Warehouse   $ 3,789,773     $ 3,789,773  
Land     731,515       731,515  
Building improvement     240,256       238,666  
Furniture and fixture     37,467       27,631  
Equipment     97,217       71,368  
Software     1,995       1,995  
Total cost     4,898,223       4,860,948  
Less accumulated depreciation     (631,316 )     (507,608 )
Property and equipment, net   $ 4,266,907     $ 4,353,340  

 

Depreciation expense for the nine months ended September 30, 2022 and 2021 amounted to $123,908 and $121,932, respectively.