Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    June 30, 2020   December 31, 2019  
               
Furniture, office equipment, and leasehold improvements     1,213,254     1,135,107  
Manufacturing equipment and tooling     1,481,100     1,295,978  
      2,694,354     2,431,085  
Less: accumulated depreciation     (1,876,290 )   (1,819,239 )
Property and equipment, net   $ 818,064   $ 611,846  

 

Depreciation expense was $79,245 and $75,073 for the three months ended June 30, 2020 and 2019, respectively, and $152,013 and $148,588 for the six months ended June 30, 2020 and 2019, respectively.