Annual report pursuant to Section 13 and 15(d)

Property & Equipment

v3.22.1
Property & Equipment
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property & Equipment

Note 6 - Property & Equipment

As of December 31, 2021 and 2020 property and equipment consisted of the following:

 

 

As of

 

 

As of

 

 

December 31,

 

 

December 31,

 

 

2021

 

 

2020

 

 

 

 

 

 

 

Plant and equipment

$

6,291,019

 

 

$

5,507,377

 

Furniture and fixtures

 

41,201

 

 

 

35,421

 

Leasehold improvements

 

2,329,725

 

 

 

1,922,332

 

Website

 

111,002

 

 

 

111,002

 

Land

 

242,333

 

 

 

242,333

 

Building

 

1,399,200

 

 

 

1,399,200

 

Total cost

 

10,414,480

 

 

 

9,217,665

 

Less accumulated depreciation

 

(3,588,585

)

 

 

(2,372,532

)

Property and equipment, net

$

6,825,895

 

 

$

6,845,132

 

 

Depreciation expense for the year ended December 31, 2021 and 2020 was $1,376,495 and $1,290,128 respectively.