LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

6. LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

6. LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

Leasehold improvements, furniture, and equipment, net consisted of the following:
	December 31,			December 31,
	2021			2020
Machinery and equipment	$	2,871,744		$	-
Deposits on equipment		2,480,265			-
Leasehold improvements		154,389			31,000
Supplies		140,004			-
Furniture and fixtures		36,181			8,708
		5,682,583			39,708
Less accumulated depreciation		(125,619	)		(29,196	)
	$	5,556,964		$	10,512

During the year ended December 31, 2021, the Company paid a deposit of $2,480,265 on equipment to be used at the TopPop facilities.  As of December 31, 2021, the equipment was not yet placed in service.

Depreciation expense related to leasehold improvements, furniture, and equipment amounted to $119,746 and $29,196 for the years ended December 31, 2021 and 2020, respectively.