XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Property, Plant and Equipment Disclosure
12 Months Ended
Dec. 31, 2018
Notes  
Property, Plant and Equipment Disclosure

 

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.

Finished product of $44,900 is a full set of insulated ACH cast panels for wall and roof of an approx. 1,600 sq. ft house. Panel cost is actual size of all panels in sq. ft. of just under 7,000 sq. ft. calculated as follows.

 

 

 

Material

Cost per sq. ft.

 

Cement

2.42

 

XPS Insulation

0.98

 

Surfactant

0.32

 

Rebar @ Steel

1.02

 

Labor

1.78

 

TOTAL COST PER SQ. FT.   $

6.52

 

Raw Materials:

Raw materials consist of rebar, insulation, surfactant, powdered cement, threaded inserts and sundry items. The cost of $2,100 is based on the cost of purchase from a non-related supplier.

Property and Equipment at December 31, 2018 were comprised of the following at:

 

 

 

 

 

December 31, 2018

December 31, 2017

Capital Equipment

 $              34,517

 $              34,517

Property

100,000

-

Vehicles

4,844

-

Accumulated Depreciation

                (17,846)

               (12,618)

Net Fixed Assets

 $            122,035

 $             21,899

 

Depreciation expense was $5,228 for the years ended December 31, 2018 and 2017