Property and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5 – Property and Equipment

The estimated useful lives and accumulated depreciation for equipment are as follows as of September 30, 2021, and December 31, 2020:

	Estimated Useful Life
Manufacturing equipment	6 to 10 years
Medical equipment	10 years
Office equipment	3 to 7 years

	September 30, 2021			December 31, 2020
Manufacturing equipment	$	132,513		$	132,513
Medical equipment		407,502			49,261
Office equipment		61,617			2,689
Leasehold improvements		327,078			-
Less: accumulated depreciation		(74,580	)		(52,257	)
Total equipment, net	$	854,130		$	132,206

During the three months ended September 30, 2021, and 2020, the Company recorded depreciation expense of $17,268 and $2,528, respectively.

During each of the nine months ended September 30, 2021, and 2020, the Company recorded depreciation expense of $22,323 and $7,583, respectively.

INVO BIOSCIENCE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2021

(UNAUDITED)