Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

v3.23.3
PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 3: PROPERTY AND EQUIPMENT, NET
 
Property and equipment consist of the following:
 
 
 
 
September 30, 2023
 
 
 
 
December 31,
2022
 
 
Office Construction Irvine
 
$
4,975,451
 
 
$
 
 
Furniture
 
 
2,277,017
 
 
 
2,252,686
 
Computers
 
 
1,417,365
 
 
 
1,384,542
 
Production equipment
 
 
227,942
 
 
 
245,713
 
Tooling and molds
 
 
12,121,380
 
 
 
8,737,114
 
Auto
 
 
412,509
 
 
 
412,509
 
Application development
 
 
5,562,016
 
 
 
4,258,916
 
Website design
 
 
1,489,757
 
 
 
1,399,029
 
Steelbox
 
 
883,320
 
 
 
882,000
 
Leasehold improvements
 
 
747,879
 
 
 
5,058,790
 
Less: accumulated depreciation
 
 
(11,210,501
)
 
 
(7,130,916
)
Property and Equipment, net
 
$
18,904,135
 
 
$
17,500,383
 
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2023
 
 
2022
 
 
2023
 
 
2022
 
Depreciation expense
 
$
1,479,582
 
 
$
1,164,689
 
 
$
4,088,358
 
 
$
3,103,204