Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

               
    June 30, 2019   December 31, 2018  
               
Land   $ —   $ 54,030  
Building     —     171,094  
Furniture, office equipment, and leasehold improvements     1,099,939     1,058,507  
Manufacturing equipment and tooling     1,282,303     1,279,865  
      2,382,242     2,563,496  
Less: accumulated depreciation     (1,766,687 )   (1,704,715 )
Property and equipment, net   $ 615,555   $ 858,781  

 

On May 21, 2019, the Company sold the house it owned for $0.2 million.

 

Depreciation expense was $75,073 and $67,504 for the three months ended June 30, 2019 and 2018, respectively, and $148,588 and $133,984 for the six months ended June 30, 2019 and 2018, respectively.