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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

 Schedule of Property and Equipment  December 31,
2021
   December 31,
2020
 
         
Computer Equipment  $16,000   $22,000 
Furniture & fixtures   17,000    33,000 
Vehicles   10,000    10,000 
 Property and Equipment, Gross   43,000    65,000 
Less: accumulated depreciation   (27,000)   (34,000)
Property and Equipment, Net  $16,000   $31,000 

 

Depreciation and amortization expense for the years ended December 31, 2021 and 2020 was $10,000 and $38,000, respectively.

 

The Company sold certain office equipment for $10,000 which resulted in a gain on disposition of assets of $5,000 for the year ended December 31, 2021. The Company sold office equipment for a total of $9,000 for the year ended December 31, 2020, which resulted in a corresponding loss of $11,000.