PROPERTY, INVENTORY AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

PROPERTY, INVENTORY AND EQUIPMENT

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 June 30, 2022 and December 31, 2021 the inventory value was $6,197 and $6,197 respectively.

Property and Equipment at June 30, 2022 were comprised of the following at:

	June 30, 2022			December 31, 2021
Capital Equipment	$	80,554		$	80,554
Vehicles		6,344			6,344
Accumulated Depreciation		(52675	)		(46,705	)
Net Fixed Assets	$	34,223		$	40,193

Depreciation expense for the three months ended June 30, 2022 and 2021 was $2,985 and $2,985 respectively.

Depreciation expense for the six months ended June 30, 2022 and 2021 was $5,970 and $5,970 respectively.