Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2024
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   2024     2023  
                 
Office equipment   5 years   $ 29,041     $ 29,041  
Computer equipment   3 years     3,157       3,157  
Accumulated depreciation         (19,787 )     (16,902 )
Property and equipment, net       $ 12,411     $ 15,296  

 

Depreciation expense was $1,364 and $2,885, and $1,715 and $3,430 for the three and six months ended June 30, 2024 and 2023, respectively, and is classified in general and administrative expenses in the unaudited condensed consolidated statements of operations.