Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

 

        September 30,     December 31,  
    Estimated Life   2022     2021  
                 
Office equipment   5 years   $ 29,041     $ 28,181  
Computer equipment   3 years     3,157       3,157  
Accumulated depreciation         (8,431 )     (3,292 )
 Property and equipment, net       $ 23,767     $ 28,046  

 

Depreciation expense was $1,716 and $5,139 and $432 and $1,279 for the three and nine months ended September 30, 2022 and 2021, respectively, and is classified in general and administrative expenses in the unaudited condensed consolidated Statements of Operations.