Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3  PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    December 31, 2019   December 31, 2018   Estimated
Useful Lives		  
                     
Land   $ —   $ 54,030        
Building     —     171,094     20 years  
Furniture, office equipment, and leasehold improvements     1,135,107     1,058,507     3-10 years  
Manufacturing equipment and tooling     1,295,978     1,279,865     3-12 years  
   Total     2,431,085     2,563,496        
Less: accumulated depreciation     1,819,239     1,704,715        
Property and equipment, net   $ 611,846   $ 858,781        

 

On May 21, 2019, the Company sold the house it owned for $0.2 million.

 

Depreciation expense was $286,004 and $273,450 for the years ended December 31, 2019, and ended December 31, 2018, respectively.