Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following at December 31, 2019 and 2018, respectively:

	December 31,			December 31,
	2019			2018
Property improvements	$	5,000		$	5,000
Automobiles		0			105,132
Office equipment		4,933			4,933
Furniture & Fixtures		2,979			0
Lab equipment		65,769			65,769
Construction in progress		0			499,695
Property (1)		1,887,802			1,887,802
Property and equipment, gross		1,966,483			2,568,331
Less accumulated depreciation		(322,498	)		(224,198	)
Property and equipment, net	$	1,643,985			2,344,133

(1) In 2018, the Company purchased two properties in La Veta, Colorado. The property located on 169 Valley Vista was purchased for $140,000, and the property located on 1390 Mountain Valley Road was purchased for $1,200,000 (see Note 8).

Depreciation and amortization expense totaled $159,424 and $180,640 for the years ended December 31, 2019 and 2018, respectively.

During the year ended December 31, 2019, the Company transferred the ownership of the 2017 Audi Q7 and Audi A4, valued at $46,609, to Nicole Breen as a repayment for her loans. $93,000 was recorded as a forgiveness on notes payable, and $46,391 recorded to additional paid-in capital.

Construction in progress in the amount of $499,695 was fully impaired due to the Company may not receive funds to complete the research facility center project. There was no work performed in 2019.