Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.1
Property and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:

 

December 31, 2023

 

 

December 31, 2022

 

Equipment

 

$

140,890

 

 

$

402,675

 

Furniture and fixtures

 

 

620,870

 

 

 

1,007,699

 

Leasehold improvements

 

 

 

 

 

745,453

 

Total cost

 

 

761,760

 

 

 

2,155,827

 

Accumulated depreciation

 

 

(150,900

)

 

 

(649,745

)

Property and equipment, net

 

$

610,860

 

 

$

1,506,082

 

 

Depreciation expense was $340,673 and $397,470 for the years ended December 31, 2023 and 2022, respectively.​