Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Property and Equipment

v3.19.2
Note 5 - Property and Equipment
6 Months Ended
Jun. 30, 2019
Notes  
Note 5 - Property and Equipment

Note 5 - Property and equipment

 

Property and equipment is comprised of the following:

 

 

 

June 30,

2019

 

December 31,

2018

Computers

$

37,271

$

37,271

Furniture and fixtures

 

22,075

 

22,075

Machinery and vehicles

 

108,600

 

136,225

 

 

167,946

 

195,571

Accumulated depreciation and amortization

 

(127,989)

 

(152,602)

 

 

 

 

 

Net Property and equipment

$

39,957

$

42,969

 

Depreciation and amortization expense was $218 and $4,356 for the three months ended June 30, 2019 and 2018, respectively. In the quarter ended June 30, 2019, we reclassed $148,732 of vehicles to finance lease right-of-use assets and reduced depreciation expense by $5,367. Depreciation and amortization expense was $11,170 and $8,656 for the six months ended June 30, 2019 and 2018, respectively. Depreciation on WCI vehicles used to service customer accounts is included in cost of goods sold and all other depreciation is included in selling, general and administrative expenses in the condensed consolidated income statements.