| Property and Equipment |
4. Property
and Equipment
At
March 31, 2022 and December 31, 2021, property and equipment consisted of the following:
| Schedule of property and equipment |
|
|
|
|
|
|
|
|
| |
|
March 31, |
|
December 31, |
| |
|
2022 |
|
2021 |
| Machinery and equipment |
|
$ |
1,474,273 |
|
|
$ |
1,343,797 |
|
| Furniture and fixtures |
|
|
9,636 |
|
|
|
1,850 |
|
| Leasehold improvements |
|
|
927,998 |
|
|
|
786,199 |
|
| Software and website development |
|
|
113,120 |
|
|
|
113,120 |
|
| Computer hardware and software |
|
|
84,518 |
|
|
|
76,598 |
|
| Boat molds |
|
|
1,217,618 |
|
|
|
778,229 |
|
| Vehicles |
|
|
1,000 |
|
|
|
101,984 |
|
| Electric prototypes and tooling |
|
|
142,526 |
|
|
|
142,526 |
|
| |
|
|
3,970,689 |
|
|
|
3,344,303 |
|
| Less accumulated depreciation and amortization |
|
|
(537,647 |
) |
|
|
(461,132 |
) |
| Total Property and Equipment |
|
$ |
3,433,042 |
|
|
$ |
2,883,171 |
|
Depreciation
and amortization expense of property and equipment for the three months ended March 31, 2022 and 2021 is $80,092 and $46,523, respectively.
|