Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

  

    March 31,
2017		     December 31,
2016		  
    (Unaudited)        
Production tooling, jigs, fixtures   $ 70,749     $ 70,749  
Shop equipment and machinery     1,217,953       1,193,892  
Vehicles     83,780       51,883  
Leasehold improvements     42,173       42,173  
Office equipment     100,245       100,245  
Software     97,533       97,533  
Total property and equipment, cost     1,612,433       1,556,475  
Less: accumulated depreciation and amortization     (878,063 )     (818,889 )
Property and equipment, net   $ 734,370     $ 737,586  

 

Depreciation and amortization expense on property and equipment for the three months ended March 31, 2017 and March 31, 2016 was $59,174 and $40,914, respectively. During the three months ended March 31, 2017 and March 31, 2016, $51,440 and $35,269, respectively, of the depreciation expense were included in the balance of cost and sales.