Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment
4. PROPERTY AND EQUIPMENT

 

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

 

   

December 31,

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     1,058,000       741,000  
Total property and equipment     1,201,000       884,000  
Accumulated depreciation     (339,000 )     (164,000 )
Total property and equipment, net   $ 862,000     $ 720,000  

  

Depreciation expense amounted to $175,000 and $67,000 for the year ended December 31, 2020 and 2019, respectively.