Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment
4. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of June 30, 2020 and December 31, 2019.

 

    June 30, 2020     December 31, 2019  
             
Computers   $ 29,000     $ 29,000  
Furniture and fixture     75,000       75,000  
Machinery and equipment     39,000       39,000  
Leasehold improvement     1,057,000       741,000  
Total property and equipment     1,200,000       884,000  
Accumulated depreciation     (248,000 )     (164,000 )
Total property and equipment, net   $ 952,000     $ 720,000  

 

Depreciation expense amounted to $84,000 and $13,000 for six months ended June 30, 2020 and 2019, respectively.