4. Property and Equipment

9 Months Ended

Sep. 30, 2019

Property and equipment:

Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consists of the following at September 30, 2019 and December 31, 2018:

	September 30, 2019			December 31, 2018
Property and equipment, purchased	$	258,000		$	258,000
Property and equipment, leased		30,089			30,089
		288,089			288,089
Less: accumulated depreciation		(114,338	)		(71,125	)
Property and equipment, net	$	173,751		$	216,964

Depreciation expense for the three and nine months ended September 30, 2019 and 2018 were $14,404 and $13,150 respectively and $43,213 and $38,567, respectively.

On December 22, 2018, the Company acquired a Ford F-150 truck for use in the business operations from the majority shareholder. The agreement was in the form of a long-term lease and was recorded at $30,089, the net present value of the lease payments. See Note 7 for additional details.