General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.21.4
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2020
PROPERTY AND EQUIPMENT  
NOTE 5. PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment, net consists of the following:

 

 

 

December 31,

2020

 

Robotics and testing equipment

 

 $ 46,200

 

Office furniture and equipment

 

 

 1,525

 

 

 

 47,725

 

Accumulated depreciation

 

 

 (7,340 )

Net property and equipment disposed

 

 

 (40,385 )

Property and equipment, net

 

 $ 0

 

 

Depreciation is computed on a straight-line basis over the assets estimated useful lives of three years. Depreciation for the years ended December 31, 2020 and 2019 was $7,340 and none, respectively.