Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 5 — PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following at March 31, 2021 and December 31, 2020:

 

    March 31, 2021     December 31, 2020  
Machinery and equipment   $ 2,401,470     $ 2,401,470  
Construction in progress–equipment     89,122       104,400  
Computer equipment     451,808       443,865  
Leasehold improvements     321,033       321,033  
Molds and tooling     260,002       260,002  
Office furniture and equipment     138,699       138,699  
      3,662,134       3,669,469  
Less Accumulated depreciation     (3,437,202 )     (3,422,146 )
    $ 224,932     $ 247,323  

 

Depreciation expense relating to property and equipment was approximately $15,000 and $10,000 for the three months ended March 31, 2021 and 2020, respectively.