Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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

NOTE 2 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    September 30, 2020   December 31, 2019  
Furniture, office equipment, and leasehold improvements   $ 1,291,985   $ 1,135,107  
Manufacturing equipment and tooling     1,856,881     1,295,978  
Total property and equipment     3,148,866     2,431,085  
Less: accumulated depreciation     (1,888,191 )   (1,819,239 )
Property and equipment, net   $ 1,260,675   $ 611,846  

 

Depreciation expense was $99,071 and $69,740 for the three months ended September 30, 2020 and 2019, respectively, and $251,084 and $218,328 for the nine months ended September 30, 2020 and 2019, respectively.