Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    September 30, 2021   December 31, 2020  
               
Furniture and office equipment   $ 799,761   $ 753,536  
Leasehold improvements     556,907     542,796  
Manufacturing equipment and tooling     2,028,807     1,856,909  
   Total property and equipment     3,385,475     3,153,241  
Less: accumulated depreciation and amortization     (2,225,656 )   (1,985,618 )
Property and equipment, net   $ 1,159,819   $ 1,167,623  

 

Depreciation expense was $100,502 and $99,071 for the three months ended September 30, 2021, and 2020, respectively, and $301,469 and $251,084 for the nine months ended September 30, 2021, and 2020, respectively.