General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.23.3
PROPERTY AND EQUIPMENT
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 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   2023     2022  
                 
Office equipment   5 years   $ 29,041     $ 29,041  
Computer equipment   3 years     3,157       3,157  
Accumulated depreciation         (13,576 )     (10,146 )
        $ 18,622     $ 22,052  

 

Depreciation expense was $1,715 and $3,430, and $1,719 and $3,423 for the three and six months ended June 30, 2023 and 2022, respectively, and is classified in general and administrative expenses in the Consolidated Statements of Operations.

 

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

    Estimated Life   December 31, 2022     December 31, 2021  
                 
Office equipment   5 years   $ 29,041     $ 28,181  
Computer equipment   3 years     3,157       3,157  
Accumulated depreciation         (10,146 )     (3,292 )
Property and equipment, net       $ 22,052     $ 28,046  

 

Depreciation expense was $6,854 and $2,946 for the years ended December 31, 2022 and 2021, respectively, and is classified in general and administrative expenses in the Consolidated Statements of Operations.