| Property and Equipment |
4. Property and Equipment
At September 30, 2022 and December 31, 2021, property
and equipment consisted of the following:
| Schedule of property and equipment |
|
|
|
|
|
|
|
|
| |
|
September 30, |
|
December 31, |
| |
|
2022 |
|
2021 |
| Machinery and equipment |
|
$ |
1,934,869 |
|
|
$ |
1,343,797 |
|
| Furniture and fixtures |
|
|
9,636 |
|
|
|
1,850 |
|
| Leasehold improvements |
|
|
959,541 |
|
|
|
786,199 |
|
| Software and website development |
|
|
147,334 |
|
|
|
113,120 |
|
| Computer hardware and software |
|
|
100,113 |
|
|
|
76,598 |
|
| Boat molds |
|
|
2,215,350 |
|
|
|
778,229 |
|
| Vehicles |
|
|
95,536 |
|
|
|
101,984 |
|
| Electric prototypes and tooling |
|
|
142,526 |
|
|
|
142,526 |
|
| |
|
|
5,604,905 |
|
|
|
3,344,303 |
|
| Less accumulated depreciation and amortization |
|
|
(830,066 |
) |
|
|
(461,132 |
) |
| |
|
$ |
4,774,839 |
|
|
$ |
2,883,171 |
|
Depreciation and amortization expense of property
and equipment for the nine months ended September 30, 2022 and 2021 is $372,511 and $132,089, respectively.
|