Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

v3.23.1
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 5: PROPERTY AND EQUIPMENT
,
NET
 
Property and equipment consist of the following:
 
 
 
December 31, 2022
 
 
December 31, 2021
 
Furniture
 
$
2,252,686
 
 
$
1,066,219
 
Computers
 
 
1,384,542
 
 
 
1,038,154
 
Production equipment
 
 
245,713
 
 
 
245,713
 
Tooling and molds
 
 
8,737,114
 
 
 
6,390,962
 
Auto
 
 
412,509
 
 
 
635,542
 
Application development
 
 
4,258,916
 
 
 
2,398,919
 
Website design
 
 
1,399,029
 
 
 
814,733
 
Steelbox
 
 
882,000
 
 
 
882,000
 
Leasehold Improvements
 
 
5,058,790
 
 
 
2,862,079
 
Less: accumulated depreciation
 
 
(7,130,916
)
 
 
(2,992,692
)
Property and Equipment, net
 
$
17,500,383
 
 
$
13,341,629
 
 
Depreciation expense for the years ended December 31, 2022 and 2021, was $4,162,153 and $1,839,069, respectively.