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

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

NOTE 5 - PROPERTY AND EQUIPMENT

At March 31, 2022 and December 31, 2021, property and equipment, net of fully depreciated assets, consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	March 31, 2022			December 31, 2021
Office furniture and fixtures	$	16,472		$	16,969
Computer equipment		66,400			67,458
Rental equipment		51,738			53,296
Appliques		2,160,096			2,160,096
Website development		314,099			247,541

Less accumulated depreciation		(1,583,609	)		(1,502,501	)

Total	$	1,025,196		$	1,042,859

Depreciation expense was $93,319 and $67,450 for the three months ended March 31, 2022 and 2021, respectively. For the year ended December 31, 2021, depreciation expense was $292,102.