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PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2020
PROPERTY AND EQUIPMENT  
NOTE 4 - PROPERTY AND EQUIPMENT

Fixed assets including molds, printing equipment and a motorcycle for use in making products it sells. The value of the assets when acquired were $32,117. During the year ended December 31, 2019 the Company acquired $4,006 in fixed assets. The assets are being depreciated over a 3 year life. Property and equipment consisted of the following at September 30, 2020 and December 31, 2019:

 

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

 

Property and equipment

 

$ 36,122

 

 

$ 36,122

 

Less: accumulation depreciation

 

 

27,009

 

 

 

21,608

 

Net property and equipment

 

 

9,113

 

 

 

14,514

 

 

Depreciation expense totaled $7,828 and $7,816 for the nine months periods ended September 30, 2020 and 2019, respectively.