| Property and Equipment, Net |
NOTE 4: PROPERTY AND EQUIPMENT, NET
Property and equipment consists of the following:
| |
|
March 31, 2021 |
|
|
December 31, 2020 |
|
| Furniture |
|
$ |
316,969 |
|
|
$ |
183,672 |
|
| Computers |
|
|
690,238 |
|
|
|
586,749 |
|
| Production equipment |
|
|
272,182 |
|
|
|
182,446 |
|
| Automobile and transportation |
|
|
412,509 |
|
|
|
635,542 |
|
| Tooling and molds |
|
|
2,748,606 |
|
|
|
1,989,366 |
|
| Application development |
|
|
- |
|
|
|
93,435 |
|
| Website design |
|
|
544,569 |
|
|
|
507,088 |
|
| Leasehold Improvements |
|
|
42,249 |
|
|
|
42,249 |
|
| Office Construction |
|
|
35,741 |
|
|
|
- |
|
| Development |
|
|
543,435 |
|
|
|
- |
|
| |
|
|
5,606,498 |
|
|
|
4,220,547 |
|
| Less: accumulated depreciation |
|
|
(1,449,639 |
) |
|
|
(1,153,623 |
) |
| Property and Equipment, net |
|
$ |
4,156,859 |
|
|
$ |
3,066,924 |
|
Depreciation and capitalized costs with respect thereto
consists of the following:
| |
|
Three Months Ended
March 31,
|
|
| |
|
2021 |
|
|
2020 |
|
| Depreciation expense |
|
$ |
296,016 |
|
|
$ |
84,924 |
|
|