Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.21.1
Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Equipment

NOTE 3 - EQUIPMENT

 

Equipment, stated at cost, less accumulated depreciation consisted of the following:

 

    March 31, 2021     December 31, 2020  
             
Machinery-technology equipment   $ 704,772     $ 704,772  
Machinery-technology equipment under construction     48,949       35,969  
      753,721       740,741  
Less accumulated depreciation     (557,802 )     (540,218 )
                 
    $ 195,919     $ 200,523  

 

Depreciation expense for the three months ended March 31, 2021 and 2020 was $17,584 and $54,989, respectively. As of March 31, 2021, the equipment under construction is approximately 50% complete, and is expected to be completed and placed into service during the year ended December 31, 2021.