NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

NOTE 5 - PROPERTY AND EQUIPMENT

At September 30, 2021 and December 31, 2020, property and equipment, net of fully depreciated assets, consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	September 30, 2021			December 31, 2020
Office furniture and fixtures	$	15,633		$	6,470
Computer equipment		59,162			33,361
Rental equipment		47,345			48,187
Appliques		2,160,096			2,160,096
Website development		128,427			69,149
Property, Plant and Equipment, Gross		2,410,663			2,317,263
Less accumulated depreciation		(1,415,506	)		(1,211,099	)

Total	$	995,157		$	1,106,164

Depreciation expense for the three months ended September 30, 2021 and 2020 were $72,206 and $67,447, respectively. Depreciation expense for the nine months ended September 30, 2021 and 2020 were $206,654 and $199,242, respectively.