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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
INTANGIBLE ASSET  
NOTE 7 - PROPERTY AND EQUIPMENT

NOTE 7 - PROPERTY AND EQUIPMENT

 

As of September 30, 2021, property and equipment consist of the following:

 

September 30, 2021

 

 

 

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Weighted Average Useful Life (Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

Office equipment

 

$150,915

 

 

$(12,557)

 

$138,358

 

 

 

3

 

Foreign currency translation adjustment

 

 

-

 

 

 

-

 

 

 

(19 )

 

 

 

 

Property and equipment, net

 

$150,915

 

 

$(12,557)

 

$138,339

 

 

 

 

 

 

Depreciation expenses were $12,557 and nil for the period ended September 30, 2021 and year ended December 31, 2020 respectively as the computer and office equipment were acquired on June 29, 2021.