Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

  

    December 31, 2021     December 31, 2020  
Office furniture and fixtures   $ 16,969     $ 6,470  
Computer equipment     67,458       33,361  
Rental equipment     53,296       48,187  
Appliques     2,160,096       2,160,096  
Website development     247,541       69,149  
Property, Plant and Equipment, Gross                
Less accumulated depreciation     (1,502,501 )     (1,211,099 )
                 
Total   $ 1,042,859     $ 1,106,164  

 

Depreciation expense was $292,102 and $269,926 for the year ended December 31, 2021 and 2020, respectively.

 

 

NEXTPLAT CORP AND SUBSIDIARIES

FKA: ORBSAT CORP

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)