Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Fixed Assets

(4) Fixed Assets

 

Fixed assets consisted of the following:

Description   Estimated Useful Lives     September 30, 2021     December 31, 2020  
Fixed assets:                        
Equipment     5 years     $ 167,038     $ 42,643  
Leasehold improvements     Lease term       16,265       -  
Vehicles     5 years       538,562       529,742  
Deposits on trucks             663,803       -  
Total fixed assets             1,385,668       572,385  
Accumulated depreciation             (238,528 )     (143,818 )
Fixed assets, net           $ 1,147,140     $ 428,567  

 

Depreciation expense totaled $94,710 and $77,076 for the nine months ended September 30, 2021 and 2020, respectively. Depreciation expense totaled $35,504 and $37,314 for the three months ended September 30, 2021 and 2020, respectively.