Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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

NOTE 3  PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    March 31, 2018   December 31, 2017  
               
Land   $ 54,030   $ 54,030  
Building     171,094     171,094  
Furniture, office equipment, and leasehold improvements     1,052,108     1,052,501  
Manufacturing equipment and tooling     1,075,471     1,075,471  
      2,352,703     2,353,096  
Less: accumulated depreciation     (1,578,755 )   (1,516,813 )
Property and equipment, net   $ 773,948   $ 836,283  

 

Depreciation expense was $66,480 and $69,008 for the three months ended March 31, 2018 and March 31, 2017, respectively.