Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3  PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    December 31, 2018   December 31, 2017   Estimated
Useful Lives		  
                     
Land   $ 54,030   $ 54,030        
Building     171,094     171,094     20 years  
Furniture, office equipment, and leasehold improvements     1,058,507     1,052,501     3-10 years  
Manufacturing equipment and tooling     1,279,865     1,075,471     3-12 years  
   Total     2,563,496     2,353,096        
Less: accumulated depreciation     1,704,715     1,516,813        
Property and equipment, net   $ 858,781   $ 836,283        

 

Depreciation expense was $273,450 and $233,626 for the twelve months ended December 31, 2018, and the ten months ended December 31, 2017, respectively.