Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 7. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

    As of December 31,  
    2020     2019  
Computer and equipment   $ 815,704     $ 520,586  
Furniture and fixtures     127,401       111,347  
Lease improvements     221,802       117,897  
Prototypes     300,376       490,798  
Computer software     62,077       54,516  
      1,527,360       1,295,144  
Less: Accumulated depreciation     (916,048 )     (805,778 )
    $ 611,312     $ 489,366  

 

Depreciation expense for the years ended December 31, 2020 and 2019 was $332,615 and $615,707, respectively.