PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment is comprised of a building, land, building improvements and furniture and equipment.

The building and land were appraised at $475,000. The building is being depreciated over 15 years on a straight-line basis starting October 1, 2021, the date the building improvements were completed on the building. Depreciation expense on the building for the three months ended March 31, 2022 was $7,125.

Building improvements is being depreciated over 15 years commencing from the completion of the work, October 1, 2021. Depreciation expense on building improvements for the three months ended March 31, 2022 was $13,097.

Total depreciation expense for the three months ended March 31, 2022 was $20,222. Expenditures for repairs and maintenance are expensed as incurred.   

	March 31,			December 31,
	2022			2021
Building	$	475,000		$	475,000
Building Improvements		785,823			785,823
Gross fixed assets		1,260,823			1,260,823
Less: Accumulated Depreciation		(41,236	)		(21,014	)
Less: Impairments		—			—
Net Fixed Assets	$	1,219,587		$	1,239,809