Property and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3 – Property and Equipment

Property and equipment consisted of the following:

							Estimated Useful
	June 30, 2024			December 31, 2023			Lives (Years)
Vehicles	$	5,119,048		$	5,119,048		5
Equipment		277,304			265,637		5
Office furniture		129,475			129,475		5
Leasehold improvements		29,422			29,422		5
Office equipment		9,471			9,471		5
		5,564,720			5,553,053
Accumulated depreciation		(2,783,756	)		(2,242,866	)
Total property and equipment - net	$	2,780,964		$	3,310,187

Six Months Ended June, 2024

Depreciation and amortization expense for the three months ended June 30, 2024 and 2023 was $264,368 and $277,608, respectively.

Depreciation and amortization expense for the six months ended June 30, 2024 and 2023 was $540,891 and $550,695, respectively.

These amounts are included as a component of general and administrative expenses in the accompanying consolidated statements of operations.

Year ended December 31, 2023

The Company recorded an impairment loss of $105,506 related to items classified as construction in process that were deemed unusable.

During the year ended December 31, 2023, the Company adjusted the balance of its vehicles and related notes payable – vehicles by $24,664 to true up the amounts to their actual balances.

EZFILL HOLDING, INC. AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2024