Property and Equipment

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

Property and equipment is recorded at cost when acquired.  Depreciation is provided principally on the straight-line method over the estimated useful lives of the related assets, which is 3-7 years for equipment, furniture and fixtures, hardware and software and leasehold improvements.   During the nine months ended September 30, 2019, the Company invested $20,133 in computers for new hires. The Company also invested $59,660 in new shop equipment, $1,266 in office furnishings and $22,967 in leasehold improvements, primarily in connection with the opening of a satellite location for aerostat manufacturing. Depreciation expense was $35,327 and $29,238 for the nine months ended September 30, 2019 and 2018, respectively. Property and equipment consists of the following at September 30, 2019 and December 31, 2018:

	September 30, 2019			December 31, 2018
Shop machinery and equipment	$	147,194		$	87,534
Computers and electronics		52,226			32,093
Office furniture and fixtures		39,080			37,814
Leasehold improvements		42,481			19,514
		280,981			176,955
Less - accumulated depreciation		(159,052	)		(123,725	)
	$	121,929		$	53,230