PROPERTY, INVENTORY AND EQUIPMENT

9 Months Ended

Sep. 30, 2021

PROPERTY, INVENTORY AND EQUIPMENT

NOTE 5 - PROPERTY, INVENTORY AND EQUIPMENT

NOTE 5 - PROPERTY, INVENTORY AND EQUIPMENT

Notes to Inventory Type and Value:

Inventory consists of Finished Product and Raw Materials that are valued at the lower of cost or market.

Raw Materials:

Raw materials consist of rebar, insulation, surfactant, powdered cement, threaded inserts and sundry items. The cost is based on the cost of purchase from a non-related supplier. As of September 30, 2021 and December 31, 2020 the inventory value was $6,197 and $6,197 respectively.

Property and Equipment at September 30, 2021 were comprised of the following at:

	September 30, 2021			December 31, 2020
Capital Equipment	$	79,631		$	79,631
Vehicles	7264				6,344
Accumulated Depreciation		(42,798	)		(34,767	)
Net Fixed Assets	$	44097		$	51,208

Depreciation expense for the three months ended September 30, 2021 and 2020 was $2,985 and $1,307 respectively.

Depreciation expense for the nine months ended September 30, 2021 and 2020 was $8,955 and $3,921 respectively.