Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.24.4
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4: PROPERTY AND EQUIPMENT, NET

 

Property and equipment consist of the following:

 

    December 31,
2023		     December 31,
2022		  
Furniture   $ 2,277,017     $ 2,252,686  
Computers     1,417,365       1,384,542  
Production equipment     227,941       245,713  
Tooling and molds     14,079,600       8,737,114  
Automobiles     412,509       412,509  
Application development     1,614,483       4,258,916  
Website design    
-
       1,399,029  
Steelbox     883,320       882,000  
Leasehold improvements     5,751,311       5,058,790  
      26,663,546       24,631,299  
Less: accumulated depreciation     (12,886,874 )     (7,130,916 )
Property and equipment, net   $ 13,776,672     $ 17,500,383  

 

Depreciation expense for the years ended December 31, 2023 and 2022, was $5,764,732 and $4,162,153, respectively.