Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	June 30, 2024			December 31, 2023
		(unaudited)			*
Field and shop equipment	$	397,600		$	398,100
Vehicles		72,500			72,500
Furniture and office equipment		274,600			255,400
Leasehold improvements		36,200			36,200
Property and equipment, gross		780,900			762,200
Less: accumulated depreciation and amortization		(731,100	)		(728,600	)
Property and equipment, net	$	49,800		$	33,600

Depreciation expense for the three months ended June 30, 2024, and 2023 was $3,100 and $4,900, respectively. For the three months ended June 30, 2024, and 2023, depreciation expense included in cost of goods sold was $2,000 and $4,900, respectively. For the three months ended June 30, 2024, and 2023, depreciation expense included in selling, general and administrative expenses was $1,100 and $0, respectively.

Depreciation expense for the six months ended June 30, 2024, and 2023 was $6,000 and $9,800, respectively. For the six months ended June 30, 2024, and 2023, depreciation expense included in cost of goods sold was $4,100 and $9,800, respectively. For the six months ended June 30, 2024, and 2023, depreciation expense included in selling, general and administrative expenses was $1,900 and $0, respectively.