Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 8. PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following:

 

    March 31,     December 31,  
    2022     2021  
Computer and equipment   $ 913,882     $ 853,695  
Furniture and fixtures     204,756       173,155  
Lease improvements     304,121       282,271  
Prototypes     300,376       300,376  
Computer software     455,875       455,875  
Property and Equipment gross     2,179,010       2,065,372  
Less: Accumulated depreciation     (1,314,704 )     (1,230,212 )
 Property and Equipment net   $ 864,306     $ 835,160  

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was $84,492 and $71,128, respectively.