Annual report pursuant to Section 13 and 15(d)

Property and equipment

v3.23.1
Property and equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 5 - Property and equipment

 

Property and equipment are comprised of the following at December 31, 2022 and 2021:

 

    2022     2021  
Computers   $ 31,335     $ 31,335  
Furniture and fixtures     27,374       15,966  
Machinery and vehicles     297,016       252,225  
Gross Property and equipment     355,725       299,526  
Accumulated depreciation and amortization     (208,847 )     (144,480 )
                 
Net Property and equipment   $ 146,878     $ 155,046  

 

Depreciation and amortization expense were $71,257 and $51,710 for the years ended December 31, 2022 and 2021, respectively. Of these amounts, depreciation on WCI vehicles used to service customer accounts is included in cost of goods sold and was $21,204 and $17,650 for the years ended December 31, 2022 and 2021, respectively. All other depreciation is included in selling, general and administrative expenses in the consolidated income statements.

 

 

Mentor Capital, Inc.

Notes to Consolidated Financial Statements

December 31, 2022 and 2021