Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE E – PROPERTY AND EQUIPMENT

 

The Company’s property and equipment as of December 31, 2021 and 2020 consists of the following: 

               
    2021   2020
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     (423,663 )     (380,192 )
Total property and equipment   $ 84,201     $ 127,672  

  

Depreciation and amortization expense included as a charge to income was $43,471 and $58,853 for the years ended December 31, 2021 and 2020, respectively.