Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
5. PROPERTY AND EQUIPMENT

 

Property and equipment at December 31, 2020 and 2019 consists of the following: 

 

    December 31,  
    2020     2019  
Vehicle   $ 1,342,127     $ 1,148,993  
Building     477,280       -  
Leasehold improvements     1,987,991       884,685  
Furniture, fixtures and equipment     5,738,798       2,858,777  
      9,546,196       4,892,455  
Accumulated depreciation and amortization     (3,071,066 )     (1,551,839 )
                 
Property and equipment, net   $ 6,475,130     $ 3,340,616  

 

Depreciation expense was $1,646,907 and $1,046,328 for the years ended December 31, 2020 and 2019, respectively.