Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    March 31, 2024     December 31, 2023  
      (Unaudited)          
Shop equipment and machinery   $ 3,565     $ 3,565  
Production tooling, jigs, fixtures     71       71  
Vehicles     177       177  
Leasehold improvements     390       390  
Office equipment     185       185  
Software     106       106  
Total property and equipment, cost     4,494       4,494  
Less: accumulated depreciation and amortization     (4,216 )     (4,150 )
Property and equipment, net   $ 278     $ 344  

 

Depreciation and amortization expense on property and equipment for the three months ended March 31, 2024 and 2023 was $66 and $116, respectively. During the three months ended March 31, 2024 and 2023, $63 and $113, respectively, of the depreciation expense was included in the balance of cost of sales.