Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.1
Property and Equipment
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:

 

December 31, 2022

 

 

December 31, 2021

 

Equipment

 

$

402,675

 

 

$

222,222

 

Furniture and fixtures

 

 

1,007,699

 

 

 

341,769

 

Leasehold improvements

 

 

745,453

 

 

 

621,527

 

Total cost

 

 

2,155,827

 

 

 

1,185,518

 

Accumulated depreciation

 

 

(649,745

)

 

 

(295,583

)

Property and equipment, net

 

$

1,506,082

 

 

$

889,935

 

 

Depreciation expense was $397,470 and $199,649 for the years ended December 31, 2022 and 2021, respectively.​