Fixed Assets, Net

12 Months Ended

Dec. 31, 2021

Fixed Assets, Net

Fixed Assets, Net

Note 5 — Fixed Assets, Net

Fixed Assets consisted of the following:

	December 31,		December 31,
	2021		2020
Tooling and Manufacturing Equipment	$	6,612,811	$	5,494,491
Leaseholds		797,059		773,734
Computers and Purchased Software		980,561		798,881
Furniture and Equipment		2,661,346		2,134,788
		11,051,777		9,201,894
Less: Accumulated Depreciation		(5,861,339)		(6,364,492)
Fixed Assets, Net	$	5,190,438	$	2,837,402

Total depreciation expense for fixed assets for the years ended December 31, 2021, 2020 and 2019 was $1,306,479, $1,904,282 and $1,913,409, respectively.