| PROPERTY AND EQUIPMENT, NET |
NOTE 4: PROPERTY AND EQUIPMENT, NET Property and equipment consists of the following:
| |
|
September 30,
2021 |
|
|
December 31,
2020 |
|
| Furniture |
|
$ |
738,928 |
|
|
$ |
183,672 |
|
| Computers |
|
|
850,841 |
|
|
|
586,749 |
|
| Production equipment |
|
|
245,713 |
|
|
|
182,446 |
|
| Automobile and transportation |
|
|
635,542 |
|
|
|
635,542 |
|
| Tooling and molds |
|
|
5,407,684 |
|
|
|
1,989,366 |
|
| Application development |
|
|
1,760,816 |
|
|
|
93,435 |
|
| Website design |
|
|
765,573 |
|
|
|
507,088 |
|
| Leasehold Improvements |
|
|
993,197 |
|
|
|
42,249 |
|
| Steelbox |
|
|
882,000 |
|
|
|
- |
|
| Less: accumulated depreciation |
|
|
(2,350,185 |
) |
|
|
(1,153,623 |
) |
| Property and Equipment, net |
|
$ |
9,930,109 |
|
|
$ |
3,066,924 |
|
Depreciation and capitalized costs with respect thereto consists of the following:
| |
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| Depreciation expense |
|
$ |
552,464 |
|
|
$ |
176,691 |
|
|
$ |
1,196,562 |
|
|
$ |
394,322 |
|
|