Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 — PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

    June 30, 2021   December 31, 2020  
               
Furniture and office equipment   $ 787,694   $ 753,536  
Leasehold improvements     556,907     542,796  
Manufacturing equipment and tooling     1,922,196     1,856,909  
   Total property and equipment     3,266,797     3,153,241  
Less: accumulated depreciation and amortization     (2,156,247 )   (1,985,618 )
Property and equipment, net   $ 1,110,550   $ 1,167,623  

 

Depreciation expense was $100,564 and $79,245 for the three months ended June 30, 2021 and 2020, respectively, and $200,967 and $152,013 for the six months ended June 30, 2021 and 2020, respectively.