Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

v3.24.2.u1
Property and equipment
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 6 - Property and equipment

 

Property and equipment are comprised of the following:

 

    June 30,
2024
    December 31,
2023
 
Computers   $ 33,626     $ 33,626  
Furniture and fixtures     14,613       14,613  
Machinery and vehicles     -       -  
Gross Property and equipment     48,239       48,239  
Accumulated depreciation and amortization     (47,186)       (46,648 )
Property and equipment of discontinued operations     -       -  
Accumulated depreciation of discontinued operations     -       -  
                 
Net Property and equipment   $ 1,053     $ 1,591  

 

Depreciation and amortization expense were $269 and $427 for the three months ended June 30, 2024 and 2023, and $538 and $665 for the six months ended June 30, 2024 and 2023, respectively.

 

Depreciation and amortization expense for our discontinued operation was $11,362 for the three months ended June 30, 2023 and $20,634 for the six months ended June 30, 2023. Our discontinued operation was sold for $6,000,000 on October 4, 2023 and on the date of sale our discontinued operation was deconsolidated from the Company’s financials and our discontinued operation is presented separately for prior reporting periods. See Note 3.