Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	June 30, 2023			December 31, 2022
	(unaudited)
Field and shop equipment	$	453,000		$	395,000
Vehicles		72,500			72,500
Furniture and office equipment		293,400			333,800
Leasehold improvements		36,200			36,200
Property and equipment, gross		855,100			837,500
Less: accumulated depreciation and amortization		(826,300	)		(798,900	)
Property and equipment, net	$	28,800		$	38,600

Depreciation expense for the three months ended June 30, 2023, and 2022 was $4,900 and $23,100, respectively. For the three months ended June 30, 2023, and 2022, depreciation expense included in cost of goods sold was $4,900 and $19,700, respectively. For the three months ended June 31, 2023, and 2022, depreciation expense included in selling, general and administrative expenses was $0 and $3,400, respectively.

Depreciation expense for the six months ended June 30, 2023, and 2022 was $9,800 and $47,900, respectively. For the six months ended June 30, 2023, and 2022, depreciation expense included in cost of goods sold was $9,800 and $38,100, respectively. For the six months ended June 30, 2023, and 2022, depreciation expense included in selling, general and administrative expenses was $0 and $9,800, respectively.