Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment Net

Property and Equipment Net

9 Months Ended

Sep. 30, 2023

Note 5 - Property and Equipment, Net

Property and equipment at September 30, 2023 and December 31, 2022 are as follows:

	September 30,			December 31,
	2023			2022
Equipment & installation	$	1,097,879		$	1,095,140
Leasehold improvements		101,821			-
Trucking equipment		845,102			845,102
Office equipment, computer equipment and software		1,874			20,295
Total equipment		2,046,676			1,960,537

Less: accumulated depreciation		(2,034,504	)		(1,939,652	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	1,819,879		$	1,828,592

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the three months ended September 30, 2023 and 2022 depreciation expense was $10,369 and $342, respectively. During the nine months ended September 30, 2023 and 2022 depreciation expense was $11,454 and $11,204, respectively.