Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 5: PROPERTY AND EQUIPMENT, NET

 

Property and equipment consists of the following:

 

    December 31, 2020     December 31, 2019  
Furniture   $ 183,672     $ 111,490  
Computers     586,749       254,243  
Production equipment     182,446       182,446  
Tooling and molds     1,989,366       605,485  
Auto     635,542       -  
Application development     93,435       93,435  
Website design     507,088       360,943  
Leasehold Improvements     42,249       42,249  
Less: accumulated depreciation     (1,153,623 )     (526,971 )
Property and Equipment, net   $ 3,066,924     $ 1,123,320  

 

Depreciation expense for the years ended December 31, 2020 and 2019, was $626,652 and $225,426, respectively.