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

Property and Equipment

v3.21.1
Property and Equipment
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Abstract]    
Property and Equipment

NOTE 5 - PROPERTY AND EQUIPMENT

 

At March 31, 2021 and December 31, 2020, property and equipment, net of fully depreciated assets, consisted of the following:

 

    March 31, 2021     December 31, 2020  
Office furniture and fixtures   $ 6,525     $ 6,470  
Computer equipment     33,547       33,361  
Rental equipment     48,603       48,187  
Appliques     2,160,096       2,160,096  
Website development     69,578       69,149  
      2,318,349       2,317,263  
Less accumulated depreciation     (1,279,176 )     (1,211,099 )
                 
Total   $ 1,039,173     $ 1,106,164  

 

Depreciation expense was $67,450 and $65,254 for the three months ended March 31, 2021 and 2020, respectively.

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.