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Property and Equipment
9 Months Ended
Sep. 30, 2024
Property and Equipment  
Property and Equipment

Note 3 – Property and Equipment

 

Property and equipment consisted of the following:

 

 

 

September 30,

2024

 

 

December 31,

2023

 

 

Estimated Useful

Lives (Years)

 

 

 

 

 

 

 

 

 

 

 

Furniture and fixtures

 

$37,271

 

 

$16,062

 

 

 

7

 

Vehicles

 

 

171,901

 

 

 

195,321

 

 

 

5

 

 

 

 

209,172

 

 

 

211,383

 

 

 

 

 

Accumulated depreciation

 

 

(104,469)

 

 

(52,241)

 

 

 

 

Total property and equipment - net

 

$104,703

 

 

$159,142

 

 

 

 

 

   

Depreciation and amortization expense for the nine months ended September 30, 2024 and 2023 was $31,018 and $1,090,523, respectively.

 

During the nine months ended September 30, 2024, the Company donated several vehicles to charitable organizations with a net book value of $23,421.

 

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