| Property and Equipment |
4. Property and Equipment
At June 30, 2022 and December 31, 2021, property and
equipment consisted of the following:
| Schedule of property and equipment |
|
|
|
|
|
|
|
|
| |
|
June 30, |
|
December 31, |
| |
|
2022 |
|
2021 |
| Machinery and equipment |
|
$ |
1,775,241 |
|
|
$ |
1,343,797 |
|
| Furniture and fixtures |
|
|
9,636 |
|
|
|
1,850 |
|
| Leasehold improvements |
|
|
901,107 |
|
|
|
786,199 |
|
| Software and website development |
|
|
147,334 |
|
|
|
113,120 |
|
| Computer hardware and software |
|
|
94,009 |
|
|
|
76,598 |
|
| Boat molds |
|
|
1,854,833 |
|
|
|
778,229 |
|
| Vehicles |
|
|
95,536 |
|
|
|
101,984 |
|
| Electric prototypes and tooling |
|
|
142,526 |
|
|
|
142,526 |
|
| |
|
|
5,020,222 |
|
|
|
3,344,303 |
|
| Less accumulated depreciation and amortization |
|
|
(657,464 |
) |
|
|
(461,132 |
) |
| Total Property and Equipment |
|
$ |
4,362,758 |
|
|
$ |
2,883,171 |
|
Depreciation and amortization expense of property
and equipment for the six months ended June 30, 2022 and 2021 is $199,909 and $100,998, respectively.
|