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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2022
PROPERTY AND EQUIPMENT  
NOTE 4 - 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 $48,212. The assets are being depreciated over a 3 year life. Property and equipment consisted of the following at March 31, 2022 and December 31, 2021:

 

 

 

March 31,

2022

 

 

December 31,

2021

 

 

 

 

 

 

 

 

Property and equipment

 

$48,213

 

 

 

48,213

 

Less: accumulation depreciation

 

 

(37,173)

 

 

(35,246)

Net property and equipment

 

 

11,070

 

 

 

12,967

 

 

Depreciation expense totaled $1,897 and $1,897 for the three months periods ended March 31, 2022 and 2021, respectively