Annual report pursuant to Section 13 and 15(d)

E. PROPERTY AND EQUIPMENT

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E. PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE E – PROPERTY AND EQUIPMENT

 

The Company’s property and equipment as of December 31, 2020 and 2019 consists of the following:

 

    2020     2019  
Development test equipment   $ 16,461     $ 16,461  
Computer software     76,134       76,134  
Office equipment     66,685       66,685  
Office fixtures and furniture     330,568       330,568  
Leasehold improvements     18,016       18,016  
Total     507,864       507,864  
Accumulated depreciation and amortization     (380,192 )     (321,339 )
Total property and equipment   $ 127,672     $ 186,525  

  

Depreciation and amortization expense included as a charge to income was $58,853 and $66,082 for the years ended December 31, 2020 and 2019, respectively.