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

PROPERTY AND EQUIPMENT

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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.