Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31,
2017		     December 31,
2016		  
Production tooling, jigs, fixtures   $ 70,749     $ 70,749  
Shop equipment and machinery     1,451,423       1,193,892  
Vehicles     122,264       51,883  
Leasehold improvements     42,173       42,173  
Office equipment     114,454       100,245  
Software     97,533       97,533  
Total property and equipment, cost     1,898,596       1,556,475  
Less: accumulated depreciation and amortization     (1,074,520 )     (818,889 )
Property and equipment, net   $ 824,076     $ 737,586  

 

Depreciation and amortization expense on property and equipment for the years ended December 31, 2017 and 2016 was $255,631 and $207,857, respectively. During the years ended December 31, 2017 and 2016, $224,535 and $180,969, respectively, of the depreciation expense were included in the balance of cost of sales for the years then ended.