Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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

 

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

 

    September 30, 2020
(unaudited)		     December 31, 2019  
             
Computers   $ 29,000     $ 29,000  
Furniture and fixture     75,000       75,000  
Machinery and equipment     40,000       39,000  
Leasehold improvement     1,057,000       741,000  
Total property and equipment     1,201,000       884,000  
Accumulated depreciation     (294,000 )     (164,000 )
Total property and equipment, net   $ 907,000     $ 720,000  

 

Depreciation expense amounted to $130,000 and $35,000 for nine months ended September 30, 2020 and 2019, respectively.