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

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    December 31, 2020     December 31, 2019  
Office furniture and fixtures   $ 6,470     $ 10,066  
Computer equipment     33,361       47,646  
Rental equipment     48,187       75,470  
Appliques     2,160,096       2,160,096  
Website development     69,149       36,279  
                 
Less accumulated depreciation     (1,211,099 )     (988,370 )
                 
Total   $ 1,106,164     $ 1,341,187  

 

Depreciation expense was $269,926 and $250,328 for the year ended December 31, 2020 and 2019, respectively.