Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.20.2
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 7. PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following:

 

    September 30,     December 31,  
    2020     2019  
Computer and equipment   $ 912,232     $ 520,586  
Furniture and fixtures     126,625       111,347  
Lease improvements     211,916       117,897  
Prototypes     300,376       218,682  
Rental fleet     270,616       272,116  
Computer software     54,516       54,516  
      1,876,281       1,295,144  
Less: Accumulated depreciation     (1,064,054 )     (805,778 )
    $ 812,227     $ 489,366  

 

Depreciation expense for the three and nine months ended September 30, 2020 was $86,664 and $258,276 and for the three and nine months ended September 30, 2019 was $101,819 and $309,599, respectively.