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PROPERTY AND EQUIPMENT
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
PROPERTY AND EQUIPMENT    
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT 

 

See Note 11 for further information concerning the acquisition of kiosks.

 

As of September 30, 2022 and December 31, 2021, property and equipment consisted of the following:

 

 

 

September 30

 

 

 December 31

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Production equipment

 

$5,025,700

 

 

$1,461,586

 

Leasehold improvements

 

 

12,431

 

 

 

12,431

 

Kiosks plus improvements

 

 

3,631,279

 

 

 

3,686,107

 

Less accumulated depreciation

 

 

(230,319)

 

 

(161,353)

Total property and equipment

 

$8,439,091

 

 

$4,998,771

 

 

Depreciation expense totaled $68,388 and $73,032 for the nine months ended September 30, 2022 and 2021, respectively.

NOTE 5 – PROPERTY AND EQUIPMENT

 

See Note 10 for further information concerning the acquisition of kiosks. 

 

As of December 31, 2021 and 2020, property and equipment consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Production equipment

 

$1,461,586

 

 

$1,390,373

 

Leasehold improvements

 

 

12,431

 

 

 

12,431

 

Kiosks plus Improvements

 

 

3,686,107

 

 

 

3,677,357

 

Less accumulated depreciation

 

 

(161,353 )

 

 

(74,852 )

Total property and equipment

 

$4,998,771

 

 

$5,005,309

 

 

Depreciation expense totaled $86,501 and $69,519 for the years ended December 31, 2021 and 2020, respectively.