Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of December 31, 2019 and 2018.

 

   

December 31,

2019

   

December 31,

2018

 
             
Computers   $ 29,000     $ 28,000  
Furniture and fixture     75,000       56,000  
Machinery and equipment     39,000       24,000  
Leasehold improvement     741,000       -  
Total property and equipment     884,000       108,000  
Accumulated depreciation     (164,000 )     (97,000 )
Total property and equipment, net   $ 720,000     $ 11,000  

 

Depreciation expense amounted to $67,000 and $20,000 for the year ended December 31, 2019 and 2018, respectively.