Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

v3.22.2
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 8. PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following:

 

                 
    June 30,     December 31,  
    2022     2021  
Computer and equipment   $ 1,077,252     $ 853,695  
Furniture and fixtures     235,403       173,155  
Lease improvements     410,664       282,271  
Prototypes     300,376       300,376  
Computer software     455,875       455,875  
Property and equipment, gross     2,479,570       2,065,372  
Less: Accumulated depreciation     (1,413,617 )     (1,230,212 )
Property and equipment, net   $ 1,065,953     $ 835,160  

 

Depreciation expense for the three months ended June 30, 2022 and 2021 was $98,913 and $74,752, and for the six months ended June 30, 2022 and 2020 was $183,405 and $145,880, respectively.