Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment

v3.19.2
4. Property and Equipment
6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4 – Property and Equipment

 

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

 

    June 30,
2019
  December 31,
2018
Warehouse   $ 3,789,773     $ 3,765,481  
Land     731,515       731,515  
Building Improvement     250,276       32,745  
Furniture and fixture     28,811       16,677  
Equipment     123,551       5,057  
Software     5,984       5,057  
Total cost     4,929,910       4,609,671  
Less accumulated depreciation     (195,271 )     (31,536 )
Property and equipment, net   $ 4,734,639     $ 4,578,135  

 

Depreciation expense for the six months ended June 30, 2019 and 2018 amounted to $71,168 and $1,090, respectively.