Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2022
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:

    

March 31, 2022

    

December 31, 2021

Equipment

$

222,222

$

222,222

Furniture and fixtures

 

341,769

 

341,769

Leasehold improvements

 

725,179

 

621,527

Total cost

 

1,289,170

 

1,185,518

Accumulated depreciation

 

(366,694)

 

(295,583)

Property and equipment, net

$

922,476

$

889,935

Depreciation expense was $71,111 and $18,154 for the three months ended March 31, 2022 and 2021, respectively.