Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.2.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

        June 30,     December 31,  
    Estimated Life   2022     2021  
                 
Office equipment   5 years   $ 29,040     $ 28,181  
Computer equipment   3 years     3,157       3,157  
Accumulated depreciation         (6,715 )     (3,292 )
        $ 25,482     $ 28,046  

 

Depreciation expense was $1,719 and $3,423 and $503 and $847 for the three and six months ended June 30, 2022 and 2021, respectively, and is classified in general and administrative expenses in the unaudited condensed consolidated Statements of Operations.