Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Fixed Assets

(4) Fixed Assets

 

Fixed assets consisted of the following:

 

Description   March 31, 2022     December 31, 2021  
Fixed assets:                
Equipment   $ 175,068     $ 175,068  
Leasehold improvements     22,733       16,265  
Vehicles     2,545,647       975,377  
Office furniture     88,910       -  
Office equipment     9,471       9,471  
Vehicle construction in process     1,153,256       1,394,355  
Total fixed assets     3,995,085       2,570,536  
Accumulated depreciation     (384,447 )     (284,216 )
Fixed assets, net   $ 3,610,638     $ 2,286,320  

 

Depreciation expense totaled $100,230 and $28,760 for the three months ended March 31, 2022 and 2021, respectively.